Let's Talk Family Enterprise

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Steve Legler speaks with Daniel Trimarchi from KPMG about the STEP Project Global Consortium and their recent report, The Regenerative Power of Family Businesses, which highlights the staying power of family enterprises and reveals the factors behind their lasting competitive advantage.   Guest bio Daniel Trimarchi is the Director, Family Business Advisory Services as well as the Director of KPMG Enterprise Global Centre of Excellence for Family in Canada. He specialises in family governance and succession planning with business families of various sizes and complexities. Daniel has over 10 years of experience working in Canada, the UK, and Australia, providing consulting services, business strategy, and compliance services to the family business and family office market.   You can find out more about Daniel on the KPMG website.   Key Takeaways [:26] Steve Legler is your host for this episode and welcomes Daniel Trimarchi and asks him to talk a little bit about the STEP project background before diving into the results of its most recent study.   [5:15] Daniel shares a little bit about the true breadth of this multi-country, multi-university study.   [7:01] The results were handled by KPMG so as to incorporate perspectives from the enterprising families, a secondary stage that lent depth to the results that followed.   [10:06] Daniel talks about how the team derived a formula for performance output with entrepreneurship as its first factor.   [13:49] The second part of the formula speaks to the importance of family control and influence; Daniel talks about the recently popularized concept of socio-emotional wealth.   [15:13] Daniel breaks down the performance types and the broad set of components they can fit into. He also explains how each factor would impact each type of performance in a 2x2 matrix.   [21:13] How does this all impact FEAs and advisors and how can they use the results of this study practically? Daniel talks about how the report has been used already as well as his own experience.   [25:57] The report included a Canada-specific analysis; Daniel shares a little bit on the specifics of this.   [28:04] Daniel shares his book recommendations as well as his one piece of advice from an advisor to other advisors.   [31:30] Steve thanks Daniel for coming on the show to share his expertise with the audience.   If you enjoyed today’s episode, you can subscribe to Let’s Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast app. Please remember to share this episode with family, friends, and colleagues.Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. STEP Project Global Consortium STEP report: The Regenerative Power of Family Businesses: Transgenerational Entrepreneurship   Daniel’s reading recommendations: Interdependent Wealth: How Family Systems Theory Illuminates Successful Intergenerational Wealth Transitions, by Steve Legler Perpetuating the Family Business: 50 Lessons Learned From Long Lasting, Successful Families in Business, by John Ward   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Ruth Steverlynck sits down with Robin Catlin to discuss her white paper on the topic of different styles of inheritance and how advisors can enhance their understanding of the “experience of being an inheritor”. This can help bring awareness and dialogue to a way of relating to financial wealth that is not traditionally earned.   Guest bio Robin Catlin is a Managing Director at the Center for Family Wealth at Merrill Lynch where she helps families navigate the complexities of wealth over multiple generations. She is passionate about helping families thrive in the context of wealth, focusing on human capital and family culture in relation to their financial capital.   You can find out more about Robin on her LinkedIn.   Key Takeaways [:26] Ruth Steverlynck is your host for this episode and welcomes Robin Catlin and asks her to share a little bit about her background.   [3:43] When it comes to wealth, there is a lot of negative talk about inheritors. Robin is the author of a whitepaper on inheritance style and she shares the impetus for writing it.   [8:10] Robin shares a high-level overview of her paper before digging into the specifics.   [12:13] The challenges of being an inheritor are largely ignored, Robin shares her thoughts on why that is.   [15:29] Robin’s paper challenges a widely held belief among advisors; she talks about what it means for the rising generation.   [19:16] The title of the paper mentions inheritance style, three of them to be specific: Inheritors, Stewards, and Sojourners. Ruth had heard of the first two, but the last one was a surprise!   [26:41] Ruth brings the conversation to the five stages of wealth integration: Awakening, Confusion, Perspective, Learning, and Adaptive Integration. Robin explains what each of them entails.   [29:55] Robin explains how advisors can practically use the information in the whitepaper as well as a few more key takeaways.   [34:16] Robin shares her reading recommendation and advice for advisors.   [37:35] Ruth thanks Robin for coming on the show and sharing her insights and tips with listeners.   If you enjoyed today’s episode, you can subscribe to Let’s Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast app. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   Robin’s reading recommendations: The Cycle of the Gift: Family Wealth and Wisdom, co-authored by James E. Hughes Jr. Language and the Pursuit of Leadership Excellence: How Extraordinary Leaders Build Relationships, Shape Culture and Drive Breakthrough Results, co-authored by the Chalmers Brothers   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Governance expert Matt Fullbrook speaks with host Steve Legler about the ways that family enterprises make decisions, whether informally or formally, and how there are so many ways that organizations can improve the ways that they set themselves up for success in an ever-changing world.   Guest bio Matt Fullbrook is a board effectiveness researcher and consultant and is the manager of the David & Sharon Johnston Centre for Corporate Governance Innovation at the Rotman School of Management. Under his direction, the Rotman School has evolved into the central hub of governance research in Canada.   As an independent consultant, Matt has advised dozens of boards of directors as an educator, facilitator, and researcher, helping them to maximize their effectiveness through the development and implementation of valuable governance processes, policies, and structures.   You can find out more about Matt Fullbrook on LinkedIn.   Key Takeaways [0:26] Steve Legler welcomes today’s guest, Matt Fullbrook — Manager of the David & Sharon Johnston Centre for Corporate Governance Innovation at the Rotman School of Management — and asks him to share a little about how the idea behind his most recent interview came about: “To Make Boards Work Better, Look to Family Enterprises?”   [1:45] Matt offers up his preferred definition of governance and highlights the words he specifically didn’t use in that definition. He touches on the advantages of creative and innovative freedom family enterprises benefit from in that regard.   [6:11] Counterprogramming is a tool Matt uses to give permission. He explains what this means as well as why sometimes exaggeration can work in your favor.   [9:16] Matt touches on some of the challenges executives face when it comes to how decisions are made in their enterprises and it’s got more to do with our workspaces and habits than we might think.   [10:41] Either new generations are more flexible or they’re being better prepared for leadership, Matt shares his thoughts on the new workforce when it comes to governance.   [13:52] Matt speaks about the inclusion aspects of decision-making and the need to try many different configurations in order to optimize the inclusion of many different perspectives.   [17:44] Matt’s thoughts on the Chair and their role in inclusivity as well as the natural tendencies of people pushing their agenda or needing to have information pulled from them.   [20:21] Setting up boards differently presents challenges because of the natural tendency of people to look for answers and conventions. Matt shares some of the ways he circumvents those in his own advisory practice.   [25:27] In cases where the client is looking for a technical “right” answer and there isn’t one, Matt offers that reframing the question might be the only solution.   [27:54] Generic tools make Matt nervous!   [29:40] Matt shares his advice for advisors and a book recommendation.   [34:30] Steve thanks Matt for joining us and sharing his knowledge and perspective on governance.   If you enjoyed today’s episode, you can subscribe to Let’s Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast apps. Please remember to share this episode with family, friends and colleagues. Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   To Make Boards Work Better, Look to Family Enterprises?   Matt’s reading recommendation: Thing Explainer: Complicated Stuff in Simple Words, by Randall Munroe   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Ruth Steverlynck sits down with Amy Hart Clyne, co-author of Finding Her Voice And Creating A Legacy, to learn more about the genesis of this research and delve into the stories of these amazing women. Amongst what is shared are some key takeaways for advisors working with or seeking to work with women in family enterprises and women leading wealthy families.   Guest bio Amy Hart Clyne, CFP® is Chief Knowledge & Learning Officer at Pitcairn. She has dedicated more than 30 years of her financial services career to helping prosperous families fulfill the promise and potential of their legacies and achieve wealth momentum. As an expert in private wealth management, Amy has spent her career translating the needs and desires of ultra-wealthy families and their advisors into practical insights and solutions-based experiences that educate, excite, and engage.   Amy has an MBA in Marketing from Columbia Business School, Columbia University, and a BA in International Relations from Colgate University. She has earned the Certified Financial Planner™ (CFP®) designation as well as the Family Business Advisor certification from the Family Firm Institute.   You can find out more about Amy Hart Clyne on her LinkedIn.   Key Takeaways [0:26] Ruth Steverlynck welcomes today’s guest, Amy Hart Clyne — Chief Knowledge and Learning Officer with Pitcairn in New York — and asks her to share a little bit about the genesis of her latest book: Finding Her Voice And Creating A Legacy.   [4:59] Amy shares the methodology she and David Jaffe used to select the women to be interviewed in the context of the book. She also talks about some surprising findings they made along the way.   [6:36] Amy talks about how the title is reflective of the two most important themes distilled from the interviews with these women of wealth both in the inherited and new wealth categories.   [9:47] Roles and outdated stereotypes are beginning to fade in society at large, but Amy shares how this phenomenon is strangely slower to reach families of wealth.   [12:08] Widowhood is rarely talked about, but Amy’s book dedicates an entire chapter to the subject and its ramifications. She shares some specifics as well as a story that she heard from women of wealth on this quasi-taboo subject.   [17:38] Amy shares two distinct stories from the book that illustrate the importance of relationship building. One woman called herself the force multiplier in a blended family and the other became the driving force in fostering unity in her family.   [24:17] An entire chapter is dedicated to the role of advisors, Amy shares her perspective on how advisors can better serve women of wealth as well as some pitfalls to avoid. She also touches on what she means by legacy mindset when it comes to widowhood.   [29:19] Amy shares her advice for advisors as well as her reading recommendations.   [34:30] Ruth thanks Amy for joining us and sharing these nuggets from her research!   If you enjoyed today’s episode, you can subscribe to Let’s Talk Family Enterprise on Spotify, Apple Podcasts or any other podcast app. Please remember to share this episode with family, friends and colleagues. Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   Pitcairn Finding Her Voice and Creating a Legacy: Portraits of Pioneering Women Leading Wealthy Families, by Amy Hart Clyne and Dennis T. Jaffe   Amy’s reading recommendation: Think Again: The Power of Knowing What You don’t Know, by Adam Grant   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Ruth Steverlynck sits down with Jane Flanagan, author of a recent white paper capturing interviews with over 30 former CEOs of family offices to distil key lessons learned that are applicable across all domains of a family enterprise.   Guest bio Jane Flanagan is a Senior Vice President and serves as Director of Family Office Consulting in the Global Family and Private Investment Offices Practice at Northern Trust Corporation in the U.S. She and her team serve some of the world’s most prominent families to educate them about their options and support them in finding their best way forward.Jane has been working with and learning from family leaders and family office executives for her entire career. She has interviewed hundreds of families to document best practices in areas such as family communication, strategies to engage rising generations, family office service delivery, compensation, and more.   Before joining Northern Trust, Jane was a Managing Director with Family Office Exchange in Chicago for 26 years.   You can find out more about Jane Flanagan on Northern Trust Corporation and her LinkedIn.   Key Takeaways [0:26] Ruth Steverlynck, the host, introduces and welcomes Jane Flanagan. The subject for this episode is a Northern Trust whitepaper Jane has released, “Succession Stories: Lessons learned from former family office CEOs.”   [2:11] Ruth has shared the whitepaper with a couple of family office CEOs. One said it was one of the best papers they had ever read in the family office space! Today’s episode is important for the family office community.   [3:30] Jane learned from Northern Trusts’ 2020 Family Office Benchmarking Survey that nearly two-thirds of the participants said they would soon experience a succession in the family, family office, operating business, or within the trustees. Jane searched for resources to help these leaders to prepare but didn’t find anything written.   [4:20] Jane reached out to former family office CEOs to see if they would share their succession stories. Everyone said, Yes! The paper is a result of the generosity of 32 former family office CEOs whom she interviewed. Most of the former CEOs Jane interviewed were non-family member professionals; a few were family member family office CEOs.   [5:17] The intention of the whitepaper is to share lessons learned and advice from CEOs who had lived through a succession. Succession is a normal part of every family’s experience but it’s scary to think of life without that trusted person. Many people put off the succession conversation; this paper provides a way to start that conversation.   [6:22] Ruth is struck by the usability of the whitepaper. It’s easy to read!   [6:59] As Jane interviewed the former CEOs she learned that succession changes the way you see things, especially those of the next generation. One CEO may be replaced by multiple people. It’s more than talent.   [9:44] How does a family manage the emotional aspect of a family office CEO succession? “Letting go” is the big challenge. A CEO needs to let go of the office and help the family let go of the CEO. The CEO must take the time to plan for what’s next for themselves, for the board, the staff, and the family.   [12:54] The thing CEOs said that made the biggest difference in succession planning was being aware that the departing leader sets the tone for the entire process. CEOs need to show confidence in the team, in the family’s readiness to navigate the transition, and in the future, combined with transparent communication about the plan for the succession process.   [13:44] Framing the process from the beginning, acknowledging that it can be bumpy and require a little bit of extra patience from everyone, helps manage the family’s expectations. Jane cites Life Is in the Transitions, by Bruce Feiler, which explores three phases of transitions. It’s helpful to have a transparent communication plan to think through the timing.   [16:59] Jane describes how a family office relates to a family business and believes that family office succession principles apply equally to family businesses.   [17:51] As an advisor, be ready to welcome the CEO successor with open arms. New leaders bring a fresh perspective and are always looking for ways to add value, especially in their first 90 days or six months.   [19:03] The mandate and role of the successor CEO may be very different from those of the incumbent CEO, due to how the family and the business have grown and changed. Of the CEOs interviewed, 58% of them said at the same time there was a generational transition. Successor CEOs may need different skills. The family chooses the successor CEO.   [22:08] Jane says we could study this topic for the rest of our lives and never finish! More study is needed on successor CEOs and Trustees. There is a lot of work being done now on preparing the next generation to lead.   [24:10] Jane comments on the succession of knowledge, information, and relationships. The CEOs interviewed said they should have taken more time to prepare and done more to communicate with people sooner; you can never start too soon.   [25:49] For additional study, Jane suggests the links page at the back of the whitepaper (see link below). One book she particularly recommends is Designing Your Life: How to Build a Well-Lived, Joyful Life, by Bill Burnett and Dave Evans. It’s a good book for anyone from a college graduate to a transitioning CEO.   [27:23] Jane’s advice from an advisor to other advisors and her two book recommendations!   [30:38] Ruth thanks Jane for joining us and sharing these nuggets from her research!   If you enjoyed today’s episode, you can subscribe to Let’s Talk Family Enterprise on Spotify, Apple Podcasts, or any other podcast app. Please remember to share this episode with family, friends, and colleagues.Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. “Succession Stories: Lessons learned from former family office CEOs” Life Is in the Transitions: Mastering Change at Any Age, by Bruce FeilerDesigning Your Life: How to Build a Well-Lived, Joyful Life, by Bill Burnett and Dave Evans Wealth of Wisdom: The Top 50 Questions Wealthy Families Ask, by Tom McCullough and Keith Whitaker   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients. All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada. Description Host Steve Legler speaks with Dr. Joshua Nacht, author of Family Champions and Champion Families, about how FEAs can identify and support the champions who are part of many of their client families. These champions often have less obvious roles in the business circle but provide important leadership in the family and ownership circles, and as advisors we can become important resources to them. Guest bio Joshua Nacht, Ph.D., is a senior consultant with The Family Business Consulting Group and works with business families to help them become more intentional and organized to achieve their goals. He’s adept at working with multigenerational families to integrate their diverse perspectives and create structured plans for continuity. Joshua is the author of the book Family Champions and Champion Families: Developing Family Leaders to Sustain the Family Enterprise. The book is a follow-up to his Ph.D. dissertation on the subject, which he did under Dennis Jaffe, who was our guest on Episode 11! You can find out more about Joshua Nacht on The Family Business Consulting Group and his LinkedIn.   Key Takeaways [0:26] Steve Legler welcomes Joshua Nacht. The subject for this episode is family champions. Joshua took his Ph.D. dissertation and wrote it into a book. [2:05] The concept of the family champion came out of research Joshua did for Dennis Jaffe. Many people Joshua interviewed played notable leadership roles in their family enterprises without working in them. They were involved in governance and engaged in helping their family informally. [3:47] When Joshua dug deeper, he came up with the idea of a book on family champions. He created his dissertation research planning to share it as a book for a wide audience. Joshua found tangible energy around the discussion about family champions. He would like the term family champion to become part of the family enterprise vocabulary. [6:33] People leading a business don’t have the bandwidth to organize and lead the family. Joshua has met many family champions who informally organize and lead the family ownership group. Their leadership comes from their engagement and actions. The family champion role changes with the growth of the enterprise. [11:09] The family champion is not an authoritative leader. A family champion emerges as somebody steps up to fill a need. Joshua shares four catalysts of family champions. [14:02] The family champion is not always an individual. Sometimes a shared role works better. It could be a spouse pair, siblings or cousins. [15:43] The more the family champion is supported by the business leadership, the more successful they can be. Effective leadership in the family ownership group is as important as effective leadership in the business. Most family businesses run into problems because of the family, not the business. [19:25] Joshua discusses the governance forum; how the ownership council, the family and the board of directors of the business work together. The family champion supports effective governance by helping the ownership council and family to stay within their boundaries. [23:28] Governance structure may evolve as conditions change. Family champions can help create the governance structure to meet the needs of the family and the ownership council. [24:41] Joshua worked to build a family champion definition, characteristics, vocabulary and framework that can be adapted for each unique family. [26:51] Dennis Jaffe suggested that Joshua should not begin research with preconceived notions, but do research into what people are doing well in common. The things Joshua found emerged as the cornerstones of the book. [30:17] Joshua shares his book recommendation as well as a piece of advice from an advisor to other advisors. [34:06] Steve thanks listeners for taking the time to tune in and invites them to subscribe! Share your thoughts with us at fea@familyenterprise.ca Mentioned in this episode The Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Family Champions and Champion Families: Developing Family Leaders to Sustain the Family Enterprise, by Joshua Nacht The Art of Gathering: How We Meet and Why It Matters, by Priya Parker   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients. All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Steve Legler speaks with Nicole Garton, FEA, about her recent book, Harnessing Conflict: How Family Businesses Can Survive and Thrive. They talk about the well-publicized Stronach and Rogers cases, and how and why FEAs can help their family clients get out in front of conflict while it is still manageable and use it to make their families even stronger as a result.   Guest bio Nicole Garton, B.A., LL.B, LL.M., C.Med, FEA, TEP, is a lawyer, mediator and parenting coordinator of family law, wills and estates matters. In her dispute resolution practice, Nicole focuses on the restructuring of families resulting from separation and divorce and wills and estate challenges. In her solicitor’s practice, Nicole advises on all aspects of estate planning and administration, including the preparation of wills, powers of attorney, representation agreements and trusts, as well as applications for probate and letters of administration. You can find out more about Nicole Garton on the BC Heritage Law website and her LinkedIn.   Key Takeaways [0:26] Steve welcomes Nicole Gartner and asks her to share a little bit about her current research interest and the family that has been making the news rounds. [4:10] The Goldilocks spot of conflict management is real and can yield great benefits, Nicole shares how FEAs are an integral part of walking the line between destructive and productive conflict. [6:14] Nicole shares some constructive tips to help FEAs better help navigate the stages of conflict with the families they serve. [8:56] Getting family members to keep talking is key to making sure conflicts don’t fester. Nicole talks about integrative and distributive conflict and shares some governance best practices. [12:28] Getting back to basics, Nicole shares one of the more important aspects of conflict negotiation as well as how to integrate game theory into your family advisory practice to reframe the idea of failure. [16:16] The three-circle model points us in the right direction; serving the whole family system is key. [17:02] Nicole shares her experience reading through the affidavits from the Stronach family trials. [21:26] Finding resolution often passes through the idea of finding a win for everyone, Nicole shares how this relates to the Rogers dispute. [25:27] Nicole shares an entertaining piece of the Rogers litigation. [27:44] Avoiding airing your laundry in public is about doing work upfront. FEAs need to learn to recognise when conflict is brewing and what experts to call in when they do. [30:31] Rogers mediation dispute fun fact! [31:47] Nicole shares her book recommendation as well as a piece of advice from an advisor to other advisors. [34:00] Steve thanks listeners for taking time to tune in, and invites them to subscribe!   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Harnessing Conflict: How Family Businesses Can Survive and Thrive by Nicole Garton Getting to Yes: Negotiating Agreement Without Giving In by Roger Fisher, William L. Ury and Bruce Patton The Infinite Game by Simon Sinek Four Thousand Weeks: Time Management for Mortals by Oliver Burkeman   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Description Dans cet épisode hors du commun, votre hôte Steve Legler discute avec Olivier de Richoufftz, secrétaire général de la Fondation des Familles Entrepreneuriales, au sujet des suites de leur plus récente recherche: Qui sont les Gardiens de l’Héritage Familial?   Bio Olivier de Richoufftz compte plus d'une décennie d’expérience auprès d’organisations soutenant les familles d’affaires ainsi que dans la croissance et la consolidation de leurs réseaux. Sa connaissance des enjeux importants auxquels les familles d’affaires sont confrontées de génération en génération se combine à un MBA d’HEC Paris et à sa vaste expérience en marketing, vente et développement. Il a travaillé pour des organisations telles qu’Euro Disney Resort et France Tourisme, et ainsi apporte une perspective stratégique et innovante à la Fondation des Familles Entrepreneuriales.   Pour plus d’informations au sujet d’Olivier de Richoufftz, visitez le site web de la Fondation des Familles Entrepreneuriales et LinkedIn.   Notes [0:26] Steve Legler vous accueille à une édition spéciale du balado! Olivier de Richoufftz, secrétaire général de la Fondation des Familles Entrepreneuriales se joint à Steve pour discuter des résultats de leur sondage compréhensif sur les entreprises familiales canadiennes.   [1:25] Olivier offre un bref survol de l’historique de la fondation et les ramifications positives d’être aujourd’hui chapeauté par Family Enterprise Canada.   [3:20] L’objectif d’une telle étude est simple, les transitions intergénérationnelles vont s’accélérer au courant de la prochaine décennie. Olivier explique certaines des visées plus précises de ce sondage incluant les questions liées aux impacts de la COVID sur les intentions de départ.   [5:29] La première partie de cette enquête a été publiée en octobre dernier et a soulevé quelques inquiétudes face aux transitions à venir. Olivier explique certaines d’entre elles ainsi que de quelle manière la seconde partie de cette étude y répond.   [7:01] « Qui Seront les Gardiens de l’Héritage Familial ? » est un titre provocateur, Olivier parle de ce choix et de la façon dont la génération montante entrevoit son futur à la barre.   [9:13] Olivier parle plus en détail de certains besoins qui ont été exprimés par les générations montantes et sortantes entre autres à en ce qui à trait à la fierté et à la confiance.   [12:17] Les résultats ont été validés par la communauté via la firme KPMG, Olivier explique ce choix ainsi que la nature à la fois quantitative et qualitative de cette recherche et de la posture unique que ces données qualitatives ont permi de faire ressortir chez les participants.   [16:08] Il n’est jamais trop tôt, ou trop tard, pour nourrir des discussions sur la succession! Olivier explique l’impact que peut avoir la relation intergénérationnelle sur le bien commun familial. [18:18] Olivier partage les aspirations futures de la fondation en ce qui à trait au suivi dans le cadre de cette recherche.   [19:29] Steve remercie Olivier ainsi que l’auditoire et invite tout un chacun à s’abonner à ce balado pour ne rien manquer des épisodes futurs.   Partagez vos idées avec nous au fea@familyenterprise.ca   Mentionné durant l’épisode Le balado Let’s Talk Family Enterprise est présenté par Family Enterprise Canada. Fondation des Familles Entrepreneuriales Ready, Willing and Interested — Or Not? (Première partie du sondage compréhensif)   Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn  

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description In this special episode, host Steve Legler speaks with Olivier de Richoufftz, General Secretary of Family Enterprise Foundation about their latest continuity research report, Who are the Guardians of Family Legacy?   Guest bio Olivier de Richoufftz With over a decade of experience with organizations supporting business families as well as growing and solidifying their networks, Olivier de Richoufftz is well-seasoned in the important issues business families face from generation to generation. An MBA from HEC Paris, paired with his extensive experience in marketing, sales, and development for organizations such as Euro Disney Resort and France Tourism, bring strategic perspective and innovation to Family Enterprise Foundation.   You can find out more about Olivier de Richoufftz on the Family Enterprise Foundation website and LinkedIn.   Key Takeaways [0:26] Steve Legler welcomes listeners to a special edition of the podcast dedicated to an overview of the results of the recent comprehensive survey completed by the Family Enterprise Foundation — Who Are The Guardians of Family Legacy? — on the landscape of Canadian family enterprises.   [1:20] Steve launches the discussion by asking Olivier de Richoufftz a little bit about the Foundation’s origins. Olivier touches on why the comprehensive survey came at a very opportune time, and some of the important coming changes in Canada’s Family enterprises it revealed.   [3:22] Olivier shares the impetus behind launching this most recent second part of the survey as well as some of the more interesting highlights from the results.   [5:43] Aside from the family business spirit being very strong among the rising generation, Olivier touches on some of the really interesting findings from this research as it relates to the different ways the coming generation and the leading generations view the next great transition.   [8:15] Ownership versus leadership is expected to be a key element of discussion as the generational shift continues over the next few years; Olivier explains why this may be.   [10:07] Olivier talks about how the survey data was compiled and why the foundation chose to include generational leaders and experts to help make it an interesting reading piece.   [11:54] Finding common ground is key to generational transfers, Olivier speaks to some of what the survey has to say when it comes to Canadian enterprising families.   [14:22] Olivier talks about one thing they noticed stood out in the survey. He also speaks to what the future of research is pointing towards at the Family Enterprise Foundation. [17:53] Steve thanks Olivier de Richoufftz and listeners for taking time to tune in, and invites them to subscribe!   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Family Enterprise Foundation Ready, Willing and Interested — Or Not? (Part one of the comprehensive survey)   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Ruth Steverlynck sits down with Christian Stewart, Founder and Principal of Family Legacy Asia, and 2021 recipient of the Family Firm Institute's Interdisciplinary Award, to discuss the characteristics and merits of working in collaborative advisory teams.   Guest bio Christian Stewart founded Family Legacy Asia in July 2008 to help Asian families preserve their family wealth for generations by providing them with independent and objective advice on effective family governance practices.   Christian works with enterprising families as a process consultant, coach, and family meeting facilitator. He helps families to form their own family council, family constitution, and family policies, often in the context of planning for succession. Christian also advises a small number of families on family learning & development and acts as a chief learning officer.   You can find out more about Christian Stewart on the Family Legacy Asia website and LinkedIn.   Key Takeaways [:26] Ruth Stevelynck welcomes Christian Stewart, Founder of Family Legacy Asia, and asks him to talk a little bit about his career trajectory and what brought him to family enterprise advising.   [8:17] Christian was honored with the Family Firm Institute Interdisciplinary Award for 2021, he touches on what interdisciplinarity truly is as opposed to multidisciplinarity.   [12:19] Working with advisory teams is a part of what Christian does; he delves a little deeper into the three different aspects of interdisciplinarity when it comes to actually advising clients.   [18:14] External resources are an integral part of how an interdisciplinary team optimally functions, Christian shares an example of how this can manifest.   [20:25] Christian shares his thoughts and tips on how to best build a collaborative team when one is the newest addition to a team.   [26:45] Fostering team cohesiveness requires intentionality, Christian shares his expertise and best practices around building collaboration.   [29:00] Family enterprises that don’t have a cohesive, intentional approach — i.e. siloed approaches — face some risks, Christian explains how and shares a few examples.   [35:44] Christian shares his one piece of advice as an advisor for other advisors as well as his book recommendations. [43:26] Ruth thanks listeners for taking time to tune in, and invites them to subscribe!   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Interdisciplinary Award — FFI Tara Brach More Time to Think: A Way of Being in the World, by Nancy Kline The Different Drum: Community Making and Peace, by M. Scott Peck, M.D. Healing Collective Trauma: A Process for Integrating Our Intergenerational and Cultural Wounds, by Thomas Hübl   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn