Since the publication of the last edition in 2018, the world has experienced significant change. COVID-19, war, economic downturn and a more urgent focus on climate change are just some of the key events that have led to increased geopolitical risk.
This third edition, co-published with STEP, looks at developments within the approach to family business advising since 2018, taking account of the current geopolitical backdrop and the shift in attitude in a growing number of clients towards succession, philanthropy and investments.
However, for those new to the field there remains ongoing guidance on:
* how to understand the unique nature of family businesses;
* typical family dynamics that impact succession;
* the power of governance in supporting good ownership and management;
* the typical stages of the family business and the key risks that will invariably arise; and
* the different legal and non-legal approaches to tackling such problems.
