{"id":2959,"date":"2021-02-11T10:10:23","date_gmt":"2021-02-11T10:10:23","guid":{"rendered":"https:\/\/www.ascef.com\/?p=2959"},"modified":"2021-02-12T10:14:32","modified_gmt":"2021-02-12T10:14:32","slug":"succession-family-business-tous","status":"publish","type":"post","link":"https:\/\/www.ascef.com\/en\/succession-family-business-tous\/","title":{"rendered":"“Succession should be addressed with care, not out of improvisation or emotional impulses”"},"content":{"rendered":"

Succession is a sensitive moment in any organization, since it is intended to ensure the continuity and development of the legacy maintaining a balance among family, ownership and business.\u00a0 With this proposition, the Catalonian Family Business Association (ASCEF)<\/strong><\/a><\/u>, organized a conference entitled “Family Businesses Before the Succession Challenge”, with the collaboration of the University of Abad Oliva CEU<\/strong><\/a><\/u> and the participation of TOUS<\/strong><\/a><\/u> Corporate Vice-president, Rosa Tous.<\/p>\n

\u201cSuccession is a sensitive moment and needs to be addressed with care and not out out of improvisation or emotional impulses<\/em><\/strong>. It should be well prepared, for it is a process, where strategy, organization and governance must converge<\/em>“, explained Amadeu Jori, ASCEF<\/strong> President. “Their main actors are not only the person leaving the position and the one succeeding him, but also the rest of the members of the stock holding family<\/em>“, he added.<\/p>\n

Dr. Camen Ruiz-Vi\u00f1al and Dr. Ferando \u00c1lvarez-G\u00f3mez, director and subdirector respectively of the Department of Family Business and Company Creation of the University of Abad Oliva CEU, presented the report “Spanish Family Businesses Before the Succession Challange”<\/em><\/strong><\/a><\/u>, prepared along with other researchers members of international consortium STEP Project<\/strong><\/a><\/u> (Successful Transgenerational Entrepreneurship Practices<\/em>), where it was noted, among other figures, that 70% of the today’s family businesses acknowledge not having a succession plan.<\/p>\n

According to this study’s data, most of CEOs are baby boomers, 24% are women and 45% belong to the company’s second generation.\u00a0 Dr. \u00c1lvarez-G\u00f3mez underscored that “succession plans prevent situations of conflict in the future<\/strong><\/em>“. However, he indicated that there is “a limited proactivity<\/em>” in most businesses since “the business leader is expected to reach an age close to retirement<\/em>“.<\/p>\n

Meanwhile, Dr. Ruiz-Vi\u00f1al thought that the COVID-19 pandemic “has entailed an acceleration in family business succession processes<\/em>“.\u00a0\u00a0\u00a0 She also added that millennials are increasingly being taken into consideration, since the pandemic has also accelerated businesses digitalization<\/em>“.<\/p>\n

\"Successi\u00f3:
Dr. Carmen Ruiz-Vi\u00f1al, during the session<\/figcaption><\/figure>\n

TOUS Corporate Vice-president, Rosa Tous, took part in the conference “The Great Challenges of Family Business, moderated by Dr. Juan Corona, Academic Advisor for the Business Family Institute<\/strong><\/a><\/u>. Tous, who explained that fourth generation family members have started to enter the business, underscored that “in the family business, we want to build to endure<\/strong><\/em>“.<\/p>\n

Tous indicated that, once the second to third generation succession was planned in 2008, “we set up a family council with the intention of working on behavioral matters involved in being a family business member, knowing that we have three roles: family, stock-holder and business executive<\/em>“. “It is important to know how to interact within the company, differently as in family reunions, being aware that this involves a learning process<\/em>“, Rosa Tous added.<\/p>\n

\"Rosa
Rosa Tous, TOUS Corporate Vice-president<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Succession is a sensitive moment in any organization, since it is intended to ensure the continuity and development of the legacy maintaining a balance among family, ownership and business.\u00a0 With this proposition, the Catalonian Family Business Association (ASCEF), organized a conference entitled “Family Businesses Before the Succession Challenge”, with the collaboration of the University of […]<\/p>\n","protected":false},"author":292,"featured_media":2942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[226],"tags":[],"class_list":["post-2959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n"Succession should be addressed with care, not out of improvisation or emotional impulses"<\/title>\n<meta name=\"description\" content=\"The ASCEF organised a conference with the collaboration of the 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