Family Business

Redefining the Role of Women in Indian Family Businesses

At a time when India is witnessing a sharp decline in female labour force participation, where do Indian family businesses stand in terms of women participation and leadership? Although traditionally a patriarchal institution, the Indian family business has come a long way in ensuring women empowerment, contend Yashodhara Basuthakur and Nupur Pavan Bang.

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Family Governance – Proactive Strategies

Effective governance mechanisms, both at the level of family and the business are central to the growth and sustenance of family businesses. Simran Senani, Nupur Pavan Bang and Anil Sainani discuss the role of the Family Business Constitution in facilitating family governance.

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350 Years of Family Business: Lessons from Merck

Professor Dr Frank Stangenberg-Haverkamp, the Chairman of the Executive Board and Family Board of the German pharmaceuticals and chemicals company, E Merck KG, was a Keynote Speaker at the 7th Asian Invitational Conference on Family Business organised in February 2019 by the Thomas Schmidheiny Centre for Family Enterprise at the Indian School of Business. Dr Navneet Bhatnagar, Senior Researcher at the Thomas Schmidheiny Centre for Family Enterprise, ISB spoke with him about the 350-year long journey of Merck and the family and corporate governance practices that helped in the company’s longevity.

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When Negotiations Fail: The Mediation Solution

Transforming disputes to opportunities takes mediation by a neutral mediator. There are several cases of disputing companies completing mediation with a decision to start a joint venture. Tara Olapally explains why mediation works especially well for family businesses.

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