Vienna · AustriaWONE Global Partner · Austria
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Cases · People & private matters · Family, succession & private client
Prepare the next generation for ownership
How do we prepare our children to own and run the family business?
WONE Global designs family governance, a charter and an education plan with family-business professionals.
Countries in the typical case Indonesia · Singapore · Australia
The situation
What is happening
Heirs need to understand their future role as owners or directors.
What is at stake
Unprepared heirs lead to conflict and poor decisions when ownership passes.
Who faces this
- Private clients and families
- Mid-sized companies
A scenario
Family groupPrivate client or family · from Indonesia · in Indonesia, Singapore, Australia
The children, educated abroad, are about to join the board.
Where it ends Heirs ready to own.
A representative scenario of the work WONE Global coordinates, not a specific client’s matter.
Also asked as “Next-generation education”“Family governance and charter”
The solution
How WONE Global handles it
WONE Global designs family governance, a charter and an education plan with family-business professionals.
Usually led by Corporate & Entity Services, with Legal & Contracting and Employment, Payroll & Mobility.
Step by step, in the scenario
- Weeks 1-4Governance reviewed.
- Weeks 5-8Family charter.
- Months 3-12Education plan.
- ThenBoard roles.
Timings are typical. They depend on the countries, the authorities involved and how quickly documents are available.
Decisions
The decisions involved
- 01Roles, rights and duties of family owners
- 02Board and employment arrangements
- 03Education and mentoring
Outcomes
What you receive
- A family charter
- Board and employment terms
- A development programme for heirs
This is a general guide. Your WONE Global professional confirms the work, timing and fees for your markets before anything starts.
Services
The services involved
One area of expertise usually leads; the others move with it. WONE Global keeps them connected across every country involved.
Who handles it
Corporate & Entity Services, market by market
The status of the lead service in the markets that matter for this case. A named WONE Global Partner acts under their own licence; where none is in place yet, WONE Global confirms availability before anything else.
- Australiain the typical case On request Availability confirmed before any work begins Bring a requirement →
- Indonesiain the typical case On request Availability confirmed before any work begins Bring a requirement →
- Singaporein the typical case On request Availability confirmed before any work begins Bring a requirement →
- Austria WONE Global Partner Mag. Mario Haider · Tax Consultant Brief this Partner →
- Ireland WONE Global Partner Kevin McSharry · Managing Director Brief this Partner →
- Rwanda WONE Global Partner Lydie N. Murorunkwere · Founder & Managing Director Brief this Partner →
- South Africa WONE Global Partner Johan Beer · Partner Brief this Partner →
- Spain WONE Global Partner Darragh Brady · Partner CIB Finance Brief this Partner →
- United Arab Emirates WONE Global Partner Dr Hajra Nazir · Head Corporate Advisory / Consultancy Division Brief this Partner →
- Zambia WONE Global Partner Gerald Zimba · Director Brief this Partner →
- India On request Availability confirmed before any work begins Bring a requirement →
- Saudi Arabia On request Availability confirmed before any work begins Bring a requirement →
- United Kingdom On request Availability confirmed before any work begins Bring a requirement →
- United States On request Availability confirmed before any work begins Bring a requirement →
Other markets: WONE Global covers 100 countries. Name yours in the requirement →
Vienna · Austria
Galway · Ireland
Kigali · RwandaWONE Global Partner · Rwanda
Lydie N. Murorunkwere
Lydie is the Founder and Managing Director of ML Corporate Services Ltd and the first Chairperson of the Rwanda Trust Companies Association (RTCA).
Pretoria · South Africa
Barcelona · Spain
Dubai · United Arab EmiratesWONE Global Partner · United Arab Emirates
Dr Hajra Nazir
Discover
Where this case connects
The markets, corridors and guides behind this case, and the questions to put to Ask WONE below. Every link opens a page that links back here.
Markets in the typical case
Services and subject
Ask WONE about this case
Worked examples
How it goes in practice
Researched corridor journeys, and representative scenarios on the same subject. None is a specific client’s matter.
- Australia ↔ Southeast Asia · researched journeyAn Australian company sets up its regional hub in SingaporeRead the journey →
- Singapore ↔ India · researched journeyA Singapore holding company invests in a new Indian subsidiaryRead the journey →
- Private client or family · from Kenya · in United Kingdom, CanadaThe founder plans to pass the group on to children who live in the UK and Canada.How WONE Global handles it →
Family, succession & private client
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WONE Global Intelligence
Ask about doing business across borders
Ask in your own words. Answers come from WONE Global's checked records, with every source shown, and end with the named Partner who can act. Go deeper on any point, or build a decision file.