Diego Esteban
Appearances
Redefiners
Leadership Lounge: How can family enterprise leaders stay ahead in a fast-changing world?
Thank you so much, Emma, for inviting me to this conversation and certainly my favorite subject.
Redefiners
Leadership Lounge: How can family enterprise leaders stay ahead in a fast-changing world?
Yeah, I totally agree that leadership succession is probably the biggest challenge. This is not something that you can improvise. There's a lot of conversations, a lot of assessment of the talent available inside and outside, and a lot of preparation and development. Another of the areas where we see huge differences between different family enterprises is how they
Redefiners
Leadership Lounge: How can family enterprise leaders stay ahead in a fast-changing world?
develop the next generation leaders within the family. You see some of them that grow within the company. Some of them go to fancy business schools. But in most of the cases, you don't see a tailor-made development program to face the challenges today and of the future of the company. This requires a lot of time and effort.
Redefiners
Leadership Lounge: How can family enterprise leaders stay ahead in a fast-changing world?
And this should be very tailor-made programs for each of the components of the family and the roles they're going to play.
Redefiners
Leadership Lounge: How can family enterprise leaders stay ahead in a fast-changing world?
With family enterprises, we're going to see best-in-class corporate governance. What they require from the boards is not only for approval, but it's much more consultative. People that provide advice and helping and coaching members of the family. So we believe that you're going to see the best. evolution in corporate governance and new trends coming from family enterprises?