Over the past academic year, the Chair of Family-Owned Business continued to advance its mission through high-impact research and teaching initiatives while deepening its ties with the global family-business community. We invite you to explore our Annual Report 2025-26, which highlights our key achievements in supporting family business owners, leaders and professionals worldwide. Annual Report […]
From family business to family office: 3 risks that are often overlooked
Author: Uzay Sezer Holder of a PhD in Business Administration and Management from Università Bocconi, his research explores family firms, corporate governance and incentive designs. When a family sells or steps back from an operating business, the ensuing celebrations often follow a familiar script. After years of hard work, they have succeeded in building something […]
The “surname ceiling” holding back family companies
Why do some professionals hesitate to join family businesses? This Financial Times article explores how family-owned firms compare with non-family companies as employers, drawing on key insights from the 2026 IESE-ECGI Corporate Governance Conference, held at IESE’s Madrid campus in May. The “surname ceiling” holding back family companies
The ownership dimension of succession
Four siblings. Third generation. Twenty years ago, their father divided the shares in four equal parts: 25% each. It seemed fair at the time, and he wanted to keep peace in the family—and at first, he got his wish. But now the business is confronted with a major strategic decision: entering a new market, refinancing, […]
The four pillars of succession
John walked into the corner office. He had just been named CEO a week earlier, following his father’s unexpected death. He had spent twenty years working alongside him, preparing for that moment. He was the designated successor. And yet, sitting in that chair for the first time, he realized he had inherited the title, the […]
From the Rhine to the Rift Valley: family business lessons from Ethiopia
Ermias Mebrate Mengistu leads the IESE Africa Initiative, launched in 2009 to promote Africa-focused research, programs, exchange modules and faculty development on the continent. On an April morning in Addis Ababa, a group of Ethiopian family business leaders gathered at WeVenture Hub. There was no podium or formal presentation—just coffee and a guest with an […]
When the family grows faster than the business
For years, succession has been viewed as the primary hurdle in family businesses. But today, many business families face a different challenge. The issue is no longer finding talent—inside or outside the family—but managing the growth of the family itself. As generations advance, the family often grows at a faster pace than the business. What starts […]
What should we fix first: the business or the family?
When family-owned companies—where ownership and management often overlap—face years of weak results, rising debt and tight cash flows, owner families have little choice but to act. Focusing on the business is a common trap—the real issue often lies within the owning family. Key causes include: A lack of strategic thinking and a clear long-term vision […]
Responsible ownership in times of disruption
What does responsible ownership mean for family-owned businesses operating amid international expansion, generational transitions, intense competition for talent, and constantly evolving market conditions? That question sat at the heart of the closing roundtable of the Family Firms: Purpose, Economic Performance and Social Impact Conference, held on March 16 on IESE’s Madrid campus. The discussion brought […]
When trust breaks down: employee disputes in family firms
Co-author: Uzay Sezer This article was co-written by Uzay Sezer. Holder of a PhD in Business Administration and Management from Università Bocconi, his research explores family firms, corporate governance and incentive designs. On March 16, IESE’s Madrid campus welcomed renowned scholars, business leaders and investors for the 2026 IESE CCG-ESGI Conference, “Family Firms: Purpose, Economic Performance […]
