Articles for Succession Planning

The Elephant in the Room: Why Business Families Delay Succession Planning
1 month, 4 weeks ago

The Elephant in the Room: Why Business Families Delay Succession Planning

Live Mint  

Succession planning is a crucial but often neglected task in Indian family businesses. It involves addressing the inevitable transition from the founder to the next generation, ensuring harmony and stability for both the business and the family. However, due to various factors, such as human psychology, trust issues, and the pressure to act on immediate priorities, succession planning is often …

Business Law Family Succession Planning
Disney says it will pick Bob Iger’s successor in early 2026
2 months ago

Disney says it will pick Bob Iger’s successor in early 2026

LA Times  

Walt Disney Co. on Monday said it now aims to name Chief Executive Bob Iger‘s successor in “early 2026,” later than many observers previously expected. Gorman, executive chairman of Morgan Stanley, chairs the Disney board’s succession planning committee, which is working to identify and prepare the company’s next leader before Iger’s contract expires. “Gorman’s name carries a lot of weight …

Planning Board Succession Succession Planning Disney Process Company
Mint Explainer: What sparks family feuds in Indian corporations?
3 months ago

Mint Explainer: What sparks family feuds in Indian corporations?

Live Mint  

A spate of family disputes in India’s corporate sector – involving the KK Modi family, the Oberois, the Kalyanis, and the Chhabria brothers at Finolex Cables – has captured public attention. Shaishavi Kadakia of Cyril Amarchand Mangaldas said, “A governance exercise should outline the values, principles and processes guiding the management of a family’s shared assets and businesses." Ketan Dalal …

Business Family India Planning Dispute Management Family Disputes
Walt Disney Co. names a chair for CEO succession planning committee
4 months ago

Walt Disney Co. names a chair for CEO succession planning committee

LA Times  

The entrance to Walt Disney Co. is seen from West Alameda Avenue in Burbank. Morgan Stanley executive James P. Gorman will chair the succession planning committee tasked with finding and vetting Walt Disney Co.’s next chief executive, the company said Wednesday. Gorman, who joined Disney’s board of directors earlier this year, has previous experience in succession planning and chaired the …

Planning Succession Succession Planning Disney Company Committee Chief Executive
Inheritance Tax Re-Introduction: 4 effective succession planning tips for HNIs
7 months, 2 weeks ago

Inheritance Tax Re-Introduction: 4 effective succession planning tips for HNIs

Live Mint  

The recent news on the re-introduction of inheritance tax has made a lot of people panic. However, inheritance tax might be only applicable to families and individuals whose estate value exceeds a certain threshold limit. The reduced estate value may fall below the threshold that triggers inheritance taxes, or at least lower the total tax liability,” said Sneha Makhija - …

India Tax Property Assets Inheritance Succession Planning Family Trusts
Prince Harry ‘definitely out’ of King Charles’ succession plans; but he ‘won’t accept’ because…
9 months ago

Prince Harry ‘definitely out’ of King Charles’ succession plans; but he ‘won’t accept’ because…

Hindustan Times  

Prince Harry and his wife Meghan Markle stepped away from their royal duties back in 2020 to start a new life in California, US. This official handout Christening photograph released by the Duke and Duchess of Sussex shows Britain's Prince Harry, Duke of Sussex, and his wife Meghan, Duchess of Sussex holding their baby son, Archie Harrison Mountbatten-Windsor flanked by …

Prince Harry Royal Succession Planning Harry His Wife Britain Kate
Family businesses embrace governance, succession planning: Survey
1 year, 11 months ago

Family businesses embrace governance, succession planning: Survey

Live Mint  

Indian family businesses are increasingly formalizing governance standards and focusing on succession planning, with many open to professional management, according to a survey by Deloitte India. The regular cadence helped build communication skills, increased transparency, and ensured greater harmony amongst family members,” said Deloitte’s India Business Survey Report. As part of their efforts on succession planning, many family owned businesses …

Business Family Indian Succession Planning Survey Businesses Leader
Opinion | Why a trust works best for family wealth
4 years, 4 months ago

Opinion | Why a trust works best for family wealth

Live Mint  

India has witnessed a manifold increase in both the number and the wealth of individuals and business owners. HNIs need to transform the way they hold wealth and make investments and leverage on modern-day ecosystem enablers such as family office while setting up family charters or constitutions along with trusts—all of which is a formalized and often professional an aided …

Business Family India Personal Trust Structure Tax
Succession Planning
4 years, 5 months ago

Succession Planning

Live Law  

PART - I "Your name is my name, my name is yours, everything is our's, equally" One of the main objectives of an Inheritance tax is to prevent accumulation of wealth in the hands of few people, thus reducing the economic disparity between the rich and the poor, a kind of "Robin-Hood Taxation". A Will is a required document when …

Business Family India Trust Tax Court Assets