The end of the year is approaching. This is often a time to reflect on how the past year has gone and to consider what the new year may bring.
For families with a business, this period is often an opportunity to discuss business interests—something that is not always easy…
Earlier, I wrote about the Swedish Wallenberg family, a family with an exceptionally large family fortune. The current leaders, the three cousins Jacob, Marcus, and Peter, have begun passing on their roles to the next, sixth generation.
Every family transfers responsibilities to the next generation in its own way, and the Wallenbergs can serve as an example in this regard.
The Wallenbergs have chosen a new structure where, for the first time, not just one or a few family members hold the leadership. Around 30 family members from the sixth generation, aged 12 to 45, are now all eligible for a role.
The complexity and diversity of the business organisation, and the world in which it operates, have increased to the point that a broader team of family members will lead together.
This is in an environment where each family member can find their place according to their talents and ambitions. Three main themes have been formulated in which each member of the new generation can contribute: business, foundations, or family.
And, for the first time in the company’s 168-year history, women will also be able to take on a role...
Read Richard Milne’s article about this in the Financial Times.
Feel free to exchange thoughts about your organisation, your own role, and finding and selecting people who can make a positive difference in the organisation, whether they come from the family circle or beyond.
Warm regards,
Aegeus
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