Public Member
Interest: Sustainability female leadership AI
Industry:
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At 800 German firms, 81% chose sons over daughters in succession decisions -- and the presence of first-born sons also made them exclude outside candidates.
The successor's readiness for the top role, and the firm's age and experience with previous successions, are main factors to consider.
Next-gen leaders often have a clearer view of how the family business must change. The challenge is to preserve the culture and values while making change happen.
Large family firms in countries such as Ghana, Kenya, and Madagascar show that women’s leadership can thrive when families widen their view of succession.
