Second Annual Family Business Conclave
October 21, 2016
A full day conference with an impressive line up of family business leaders, investors and expert advisors, the Conclave brings together various perspectives on family-owned businesses to a single platform.
Click here to see our impressive line up of speakers for the Family Business event of the year.
Family-run biz make for easy, stable, resilient investments
The best of these investments typically come into firms run by first-generation promoter-founders, say PE executives at ISB’s Family Business Conclave in Mumbai
Family-run businesses make for easy, stable and resilient investments, said top executives of large private equity firms, while adding that the best of these investments typically come into firms run by first-generation promoter-founders.
Corporate governance paramount for family businesses to thrive
Good governance in all aspects of business, including remuneration policy, allocation of roles and responsibilities to family members, constituting a strong and independent board and induction of professionals from outside, are factors that lead to family businesses creating shareholder value sustainably.
Family businesses, or economic ventures that are promoted and often managed by various members of an entrepreneurial family, have played a crucial role in shaping the economic landscape of the country since the days of India’s struggle for Independence. Yet, a recent study finds that only five percent of family businesses are able to sustain creation of wealth for shareholders beyond the fifth generation.
For successful deals, PEs and promoters must be on the same page
Panelists at ISB’s first Family Business Conclave also said promoters must conduct due diligence on their investors before signing on the dotted line
Alignment of interests is the key to the success of private equity-promoter relationships in India. This was the consensus view of the panelists speaking at the Indian School of Business’s first Family Business Conclave at the Four Seasons Hotel in Mumbai on Monday.