News & Insights

Succession in family businesses often tests the durability of both commercial frameworks and familial bonds. While the goal is typically to achieve continuity across generations, the road to generational leadership is rarely straightforward - particularly when children and siblings are involved. Differing capabilities, legacy expectations, and relational complexity converge, making succession a defining moment of leadership. This article examines the practical and emotional dynamics at play in succession involving siblings and children. Drawing on our experience over many decades of advising business owners and their families, we outline the systemic issues, relational costs, and governance solutions required to navigate this transition effectively.

In every market boom, there are two types of participants: those chasing the prize, and those enabling the chase. History tends to favour the latter.