Session 1: "Effective leadership and successful asset succession in family businesses and family offices"

The great absentees in the private capital sector in Mexico have been thefamily offices and high net worth people.

This is despite the fact that Mexico has a very prominent family business sector, with family businesses representing more than 85% of the country's companies. In fact, all of the largest Mexican companies are family-owned. Family businesses in the country represent 70% of the GDP and 90% of employment in Mexico, according to the Family Business Center of the Tecnológico de Monterrey.

Participate in our eSeries in which we will discuss with experts over 3 discussion sessions, about some relevant points for the growth and durability over time of family businesses and their family offices.

Session 1: Effective leadership and successful asset succession in family businesses and family offices

Many successful business families evolve over time to become business families that take a long-term view. What begins as a family business can gradually evolve into multiple businesses, significant real estate holdings, multigenerational ownership structures, complex investment portfolios, as well as philanthropic and community involvement.

In this session we will discuss the path that business families must follow as a group and as a family to endure and grow through future generations.

Syllabus:

A) FAMILY GOVERNANCE

• Why is it important to have a governance structure to support the company's objectives?
• What governance principles should we take into account to align the family and the company?
• How can we monitor the progress of the organization's performance?
• How can we manage and mitigate risks?
• How important is it to strengthen family commitment in the organization?
• Family sustainability, how to create a lasting family impact?
• Family tip: how to improve its functionality?

B) LEADERSHIP AND LEARNING

• The family member as leader in all branches.
• In what way and when should we start developing the skills of the next generations?
• How can we measure the progress, commitment, alignment and goals of family leaders?
• Training and education: How to manage the education of the next generation on issues such as wealth management and financial literacy?
• When and in what way is it good to hold family gatherings?
• How do we guarantee family education commitments?

C) PATRIMONIAL SUCCESSION

• How can we prepare to carry out a good family transition process?
• What factors should we take into account to have an objective leadership selection process?