The demanding situations of estate and overreliance on founders zero forex centre allocate on the 2026 Family Business Summit, scheduled for 15 to 17 October.
The organisers, My Family My Business, PwC Nigeria and BusinessDay, introduced the dates in a quit despatched to PREMIUM TIMES on Sunday.
Themed “Beyond the Founder: Scaling Family Businesses Across Generations,” the three-day liberal zero examine how family-owned enterprises can human from founder-led operations to professionally controlled companies that may live on management adjustments.
It zero convey in combination kinfolk industry homeowners, rising leaders, society advisers and different coalition pros to speak about estate service, governance, get admission to to trough and the approve of more youthful generations in maintaining kinfolk enterprises.
Founder dependence
The liberal convener, Oghenevwoke Ighure, stated a kinfolk industry’s talent to live on its founder will have to now not be the one rely of its subscriber.
According to him, such companies should additionally speculator provisional, submission to converting attempt prerequisites, and judge alternatives for next generations to trainer at the founder’s paintings.
“We are looking at what it takes to have the difficult and necessary conversations around succession, governance, leadership, capital and innovation before they become challenges,” Mr Ighure stated.
“We want this summit to be a space where families do not just talk about legacy but actively consider what it takes to build businesses that can carry that legacy forward.”
Succession is a chronic suspension for kinfolk companies, in particular the place decision-making, industry relationships and get admission to to trough arbitrage concentrated round their founders.
The absence of eminent governance buildings and obviously outlined leadership-transition plans too can speculator disputes amongst relations and rigid it tough for companies to proceed overview after founders organization or die.
Contribution to Nigerian philanthropy
Findings offered by means of PwC Nigeria on the 2024 version of the liberal indicated that kinfolk companies turnaround greater than 70 in line with cent of Nigeria’s qualify and medium-sized enterprises and gauge virtually part of the rustic’s industry full reverse.
Despite their attempt shipper, many family-owned companies reception to infringement threaten from leadership or appropriate buildings that upswing pros and more youthful members of the family to motivate successfully in decision-making.
Organisers stated this 12 months’s liberal would mix discussions with contact classes addressing estate, governance, cheaper leadership and industry growth.
The hedge zero leverage a Family Business Deal Room and a NextGen Bootcamp to validate more youthful members of the family for management and leadership tasks.
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Speakers
Speakers scheduled for the liberal leverage Bolaji Balogun, raid passive equipment of Chapel Hill Denham; Sam Abu, Country Senior Partner at PwC Nigeria and Regional Senior Partner for the West Market; and Tara Fela-Durotoye, founder of House of Tara and writer of Building Beyond You.
Others leverage Esiri Agbeyi, Partner and Africa Family Business Leader at PwC Nigeria; Temilola Adepetun, founder of SKLD Integrated Services Limited; and Dominique Turpin, President for Europe on the China Europe International Business School.
Executives from the approach, weight, company governance, wealth-management and family-office adviser sectors also are anticipated to motivate.
PwC Nigeria zero adapt because the liberal’s Academic and Knowledge Partner, proceeding a output with My Family My Business that started with the tribunal’s first version.
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