Family businesses have been integral to economic growth throughout history. In the early stages of industrialization, many economies were driven by small, family-owned enterprises that evolved by adapting to new technology and expanding their reach through trade and innovation.
In many developed and emerging countries, multi-generational family businesses are the backbone of the economy, contributing significantly to job creation, wealth generation, and community development. Their ability to navigate economic fluctuations and sustain operations over generations highlights their resilience and importance in fostering long-term economic growth.
In Nigeria and across Africa, succession planning in family businesses has become critical as next-generation heirs, who were expected to take up the leadership of the businesses, are often desirous of charting their own paths.
In this webinar, we will discuss with two next-generation heirs, Ademilola Olaniyi and Oyinkan Karunwi, whose families own successful businesses. One is a part of the family business while the other has chosen to forge a new path in a different industry. Our conversation will highlight:
• The importance of communication
• Clarity around roles within the business
• Education and training
• Balancing family and business dynamics
• Involvement and inclusion within the family business
We will also explore how family businesses and family office experts can collaborate to ensure that young leaders are prepared with the skills required to lead in an increasingly competitive and dynamic business climate.
It promises to be an enlightening and empowering session that will inspire thoughtful and intentional action.
Family business founders and next-generation heirs navigating succession planning will gain valuable insights from real-life scenarios, aiding them in making informed decisions. The key takeaways from the webinar will be:
Understanding the importance of intentional preparation for the next generation
Actionable strategies for developing leadership skills and competencies for the next generation
The importance of aligning and sharing the long-term vision of the business with the next generation
The role of support systems, such as family office experts, in managing the transition process
Family business founders, next-generation heirs, and executives in family businesses will benefit greatly from this discussion. It will provide a foundation for creating a structured framework to manage and build a multi-generational family business that delivers on legacy aspirations. We also welcome:
Young professionals and aspiring leaders.
Family members
Educators, Career coaches and Mentors
Business leaders
Access to the webinar replay
Optional access to the Genea newsletter on news and trends relating to family, business, wealth and legacy.
+234 810 100 1110
+234 802 975 5952
163 Sinari Daranijo Street, Off Ligali Ayorinde, Victoria Island
Lagos State, Nigeria
Partner
With over 23 years working in domestic and international firms and providing best in class services for private and institutional clients, Abiola is a leading expert in the financial services space. She was the former MD/CEO of FBN Quest Securities, a subsidiary of First Bank of Nigeria Holdings Plc, and also RMB Nigeria Stockbrokers, a part of the FirstRand Group. She also worked in Renaissance Capital and CSL Stockbrokers where she executed notable trade transactions. As a thought leader in the industry, she has been active in various capacities, regulatory and non-regulatory, serving on committees and speaking at key industry events.
Partner
One of Nigeria’s finest corporate finance and private wealth management experts, Abiola has over 15-years work experience. She was the Group Chief Financial Officer of Coronation Group, a leading family-owned financial services group in Africa. She was instrumental in setting up and running the Tengen Family Office, a family office focused solely on the interests of the families represented. In the Family Office practice, she has worked with many successful families and family owned firms to develop and implement strategies for seamless transition and succession.
