All articles by M.R. Rajesh Kumar

Effective Transitions for Non-Family Professionals in Family-Owned Businesses

By | Family business, Family disputes and solutions, M.R. Rajesh Kumar | 6 min read

It is often seen that Family Owned & Family Manged (FOFM) Organisations at some point in time, hire non-family experts from within or outside the industry to accelerate growth and enhance the business. Family businesses may appear to be attractive employers for non-family professionals because of their informal and less bureaucratic structure. However, once they are in, most of them face challenges not anticipated by them or experienced in their previous employments. They can be as daunting as they can be rewarding. The Case of Indian...

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ensuring seamless transition, family business, non-family professionals

A small guide to professionalising the Family Business

By | Family business, Family disputes and solutions, Family Office, Succession planning and transfer to next generation, M.R. Rajesh Kumar | 5 min read

Appointing non-family board members to the Family Business Sha is the third-generation director of a mid-sized and progressive medical company. His grandfather started the organisation on a very small scale in a small town in UP. The Board of the organisation consists of his uncle (father’s younger brother, cousins (father’s elder brothers’ son and himself) - all family members. Most of the key positions in the organisation are also managed by themselves. Over the years, they have grown to be a known brand with a large presence in Central...

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Professionalising family business