Online Symposium

Synopsis of the Session

In this session, the speakers will discuss the establishment of game's rules for a professional relationship among family members.

The topic would cover aspects such as:

Some of the key learnings would be:

• The engagement of the next generation in robust family governance
• Integration of emotional attachment which deals with emotions, feelings and creates a sense of belongingness that are crucial to creating an attachment to the family vision
• The importance of storytelling which includes researching the history of their family and business allowing the next generation to feel that they are playing their part in the history of Family Business.

At the conclusion of the session, we hope everyone here will be in a better position to work with situations that we can't foresee today and will undoubtedly appear as challenges in an exciting and inspiring future.

About the Speaker

Mr. Guillermo Salazar has advised multigenerational family-owned enterprises of diverse sizes, generations and industries throughout North America, Latin America, and Europe. He is a family business member and an expert on family governance and legacy succession. His advisory work primarily focuses on Family Charters, generational transition, family vision and values for decision-making, siblings’ partnership and cousin consortium development, and conflict resolution.

He is also an author of several specialized articles, and the books A Road to Triumph in Family Business (Legeris, 2021), La Sucesión (Legeris 2021), Genogramas en la Empresa Familiar (Legeris, 2022), among others. He contributes to research with EDHEC (Paris, France) on Family Business storytelling and leadership legacy.

In 2009 he founded Exaudi Family Business Consulting, with clients all around the Americas and Spain. He had served as board member in family held private companies and non-profit organizations. He is also an associate senior advisor at Cambridge Advisors to Family Enterprise, a highly specialized international advisory firm serving family enterprises.

About the Expert Moderator

Prof Sougata Ray is Thomas Schmidheiny Chair, Professor of Strategy and Entrepreneurship Practice, and Executive Director of the Thomas Schmidheiny Centre for Family Enterprise at Indian School of Business. Earlier he served Indian Institute of Management Calcutta for over two decades as a Professor of Strategic Management, a member of the Board of Governors and Dean. He also served as senior level executive in Infosys Technologies Limited in a strategic role as General Manager & Head of Innovation Lab. He blends over three decades of experiences in diverse roles – international quality academic, research and institution building practices with hands on corporate managerial and governance experiences as an executive, member of the Board of Directors, co-founder of start ups, corporate advisor, trainer, mentor and coach. He has two decades of board level experiences and served as member of the boards of multiple Indian Oil and Tata Group companies and chaired nearly all statutory board committees such as audit committee, nomination and remuneration committee, stakeholders relationship committee, and CSR committee.

Sougata has developed deep insight into strategy, innovations, entrepreneurship, international business, global competitiveness, digital transformation, corporate governance of firms and business groups in high growth economies through intense academic research, consulting and varied corporate and start up experiences. Given the ubiquity of family firms in India and observing how family owners and leaders play a pivotal role in shaping the future of enterprises, he was drawn into family business research. Since the past few years, under the aegis of the Thomas Schmidheiny Centre for Family Enterprise, he has been spearheading a mega program involving multiple research projects towards developing a solid research based understanding of business families, family firms and business groups in India.

Sougata helps ambitious entrepreneurs, family firms and business groups in crafting their business and growth strategies following sustainability principles. He regularly conducts visioning, strategy crafting, strategy review and innovation workshops for companies in India and abroad. He has advised national and state governments on attracting investments, promoting exports of goods and services, forming industry clusters and start up ecosystems, and improving competitiveness of local industries and firms. Sougata has taught in scores of executive education programs; designed and conducted many workshops exclusively for Owner-managers, Entrepreneurs and CXOs of companies in India, Asia, Middle East, Nordic and Scandinavian countries.

Sougata has delivered key note addresses and participated in panel discussions on wide ranging contemporary topics at regional and global events of leading global corporations and industry and trade bodies. He has led over thirty senior level executive delegations to multiple countries in every continent for high-level meetings with the Ministers and high ranking officials, multilateral agencies such as WTO and ILO, Chambers of Commerce, MNCs, Industrial Organizations, Research Labs and Institutions. Sougata is perhaps the most prolific and cited home-grown strategy scholars in India with over 150 research papers, monographs, book chapters, case studies and teaching notes. He has been publishing regularly in top-tier international journals and presenting in prestigious peer-reviewed international conferences. He has received many research, teaching, case writing and service awards and award nominations. He is an alumnus of Indian Institute of Management, Ahmedabad and Indian Institute of Engineering, Science and Technology, Shibpur.

About the Expert Facilitator

Mr. Prasad Kumar is a leading Family Business Advisor focusing on small and emerging family business in India and abroad. He also specializes in Strategic Facilitation and Organization Development. Over four and a half decades, he has worked in senior roles incorporates and with many leading companies in their growth and transformation.