GSW"

Tag: global economy

Passing down the family business

For family-owned businesses, the succession of ownership represents a pivotal moment in company history. Recently, Sankyo of Japan joined a growing list of companies that have undergone generational transition, with the CEO’s son assuming corporate control from his father. The successful passage of power between generations will be crucial to the global economy in coming years, as family enterprises make up a significant portion of the world’s businesses.