‘Navigating the Governance Challenges in Family Businesses’: Panel discussion hosted by Centre for Corporate Governance & Sustainability
Increasing role of women, younger generation and technology, in family businesses, among the topics discussed
21 March, 2025, Bengaluru: The Centre for Corporate Governance and Sustainability (CCGS) hosted a virtual session on, ‘Navigating the Governance Challenges in Family Businesses’, on 18th March 2025.
The panel discussion featured Rishabh Shroff, Partner, Cyril Amarchand Mangaldas and N Krishnan, Principal Consultant – Family Business Advisor & HR – OD Consulting, Sadashiva Consulting Services.
The session was chaired by Prof. Padmini Srinivasan, Chairperson, Centre for Corporate Governance & Sustainability and Executive Education Programmes, and faculty of the Finance & Accounting area. Prof. Suresh Bhagavatula, faculty of the Entrepreneurship area, was the session moderator.
During the session, the panelists shared their perspectives on several key issues. They discussed the critical governance challenges faced by family businesses currently, how they evolved over the years and the reasons why family businesses are spending more time now on governance aspects. Also discussed were the key governance elements with the potential to provide sustainability to family businesses. The panelists also probed at what point family businesses needed to move away from an informal set-up to a more formal and professional way of being operated.
The discussion also covered aspirations, confidence level, capability and readiness of younger generations to take over family businesses. The conversation further delved into the increasing role and engagement of women stepping into managing family businesses and handling, effectively, multi-generational family disagreements. The exceedingly significant role played by technology in family business governance was the next topic of discussion, followed by professionalization of family businesses' best practices and handling generational changes. The panel discussion concluded with panelists sharing their thoughts on the role of spirituality and spiritual leaders in influencing and guiding family businesses.
‘Navigating the Governance Challenges in Family Businesses’: Panel discussion hosted by Centre for Corporate Governance & Sustainability
Increasing role of women, younger generation and technology, in family businesses, among the topics discussed
21 March, 2025, Bengaluru: The Centre for Corporate Governance and Sustainability (CCGS) hosted a virtual session on, ‘Navigating the Governance Challenges in Family Businesses’, on 18th March 2025.
The panel discussion featured Rishabh Shroff, Partner, Cyril Amarchand Mangaldas and N Krishnan, Principal Consultant – Family Business Advisor & HR – OD Consulting, Sadashiva Consulting Services.
The session was chaired by Prof. Padmini Srinivasan, Chairperson, Centre for Corporate Governance & Sustainability and Executive Education Programmes, and faculty of the Finance & Accounting area. Prof. Suresh Bhagavatula, faculty of the Entrepreneurship area, was the session moderator.
During the session, the panelists shared their perspectives on several key issues. They discussed the critical governance challenges faced by family businesses currently, how they evolved over the years and the reasons why family businesses are spending more time now on governance aspects. Also discussed were the key governance elements with the potential to provide sustainability to family businesses. The panelists also probed at what point family businesses needed to move away from an informal set-up to a more formal and professional way of being operated.
The discussion also covered aspirations, confidence level, capability and readiness of younger generations to take over family businesses. The conversation further delved into the increasing role and engagement of women stepping into managing family businesses and handling, effectively, multi-generational family disagreements. The exceedingly significant role played by technology in family business governance was the next topic of discussion, followed by professionalization of family businesses' best practices and handling generational changes. The panel discussion concluded with panelists sharing their thoughts on the role of spirituality and spiritual leaders in influencing and guiding family businesses.