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Tricks to prolong the family trade's success

Survey finds how world's largest family businesses plan for succession, instill governance.

To help ensure they are tapping the right family members for the leadership pipeline, family businesses tend to require at least three years of outside management experience before family members are allowed to assume managerial positions.

IT may seem innocuous, but branding yourself as a family business gives firms an edge. Which may be why 76 per cent of the 25 largest family-owned businesses in 21 global markets refer to themselves as a family business in their advertising, websites, social media, press releases, and other...

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