A CHARTER TO AVOID CONFLICT
Outlook Business|August 2024
India's family businesses have long been the bedrock of our economy, built on the values of hard work, prudence and commitment to long-term success.
CHANDRESH RUPAREL
A CHARTER TO AVOID CONFLICT

According to a recent PwC report, the number of family offices in India has skyrocketed from a mere 45 in 2018 to over 300 today. This exponential growth signifies: (a) the wealth generated in India and (b) a fundamental change in how families manage assets. It is a testament to their growing appetite for sophisticated wealth preservation, growth and diversification strategies.

The intersection of professional responsibilities and personal relationships in a family-run business is a challenge, thereby making a well-drafted family charter crucial. The family constitution, intended to document and formalise the transfer of wealth, vision, values and ethos across generations, quickly shifts from being a helpful guideline to an essential requirement.

هذه القصة مأخوذة من طبعة August 2024 من Outlook Business.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 2024 من Outlook Business.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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