Long-Lasting Enterprising Families

💠 Dennis Jaffe (BanyanGlobal Family Business Advisors, USA) will report on the key practices from his interview study of 100 large global family enterprises that have moved beyond their 3rd generation as both businesses and a supportive family. Key factors include a family agenda, cross-generational engagement, continual innovation often from the younger generation, separating of business and family agendas, and development of the capability of the rising generation, as detailed in his book "Borrowed From Your Grandchildren: The Evolution of 100-Year Family Enterprise".

💠 Rūta Gadeliauskaitė, LL.M. (INVL Šeimos biuras, Lithuania) will be presenting about family constitutions, a crucial instrument that has long supported the prosperity of enterprising families in Western countries and has only recently been discovered by Lithuanian families. The presentation will explore why considering a family constitution is becoming increasingly important for the longevity of both families and their businesses. Attendees will gain insight into how the act of creating a family constitution can be transformative, not just in producing a guiding document but in strengthening family bonds and aligning the visions for the business.