Trillions of dollars are about to be handed down from baby boomers to younger generations. Family firms must consider how to transfer their ownership shares, and to whom.
A new report by the Family Business Research Foundation and the Centre for Economics and Business Research shows families control 93 percent of UK firms.
‘ESG is an existential issue. Businesses that don’t demonstrate their commitment to sustainable practices could be punished by consumers, the media and even regulators.’