Problems And Prospects Of Family Businesses: Trusts, ESG, NextGen, And What Is Needed For Success
Interview with Faizal Bhana - Director – Middle East, Africa and India Jersey Finance.
Interview with Faizal Bhana, Director, Middle East, Africa and India, Jersey Finance, delves into the evolving landscape of family businesses and how they navigate the diminishing trust advantage amid rising ESG (Environmental, Social, and Governance) demands and NextGen aspirations.
How has the use of trusts evolved for family businesses over the past decade?
Over the past decade, the use of trusts has evolved significantly for family businesses. Increased regulatory scrutiny and transparency demands have led to more structured governance frameworks and a more planned approach. Families are increasingly using trusts to manage succession, mitigate long-term risks and ensure long-term sustaina...