Overview
Family businesses are crucial to the economy, wealth creation, and employment in emerging economies. Despite this, the survival rate of family businesses beyond the founding generation is alarmingly low, with less than 30% of family businesses surviving the second generation and less than 10% surviving to the third generation in Africa. To address these issues, the Lagos Business School (LBS) family business seminar – Managing the Family Business to Last Beyond the Founders: The Building Blocks, equips families in business with the knowledge, planning, and leadership skills necessary for a shared and sustainable future. This seminar covers six modules, including understanding the uniqueness or dynamics of family businesses, institutionalising the family enterprise, governance in the family and the business, succession planning and implementation, and how to sustain the family legacy. The seminar is open to family business owners, spouses and children of the owners, managers, board members, professional advisors etc. This programme is delivered online over two weeks and is facilitated by experienced faculty members and industry leaders.
Learning Objectives and Benefits
After the programme, you will be able to:
- Articulate the family business model and how to leverage the unique strengths of family businesses to achieve superior performances and healthy family relationships
- Develop the key elements of institution building, governance/strategy and the need/steps to professionalize the management and board of the business for efficiency and sustainability
- Differentiate between the roles and responsibilities of management, boards & the family institutions (family assembly, family councils etc)
- Evaluate the key elements of Transgenerational succession and how to develop concrete action plan for successful transition
- Articulate the key decisions and action steps required to sustain the family wealth and legacy
Who should attend
The programme is designed to benefit the following leaders:
- Owner managers
- Spouses and offsprings of founders of family businesses
- Top management of family businesses
- Financiers/suppliers of family businesses
- Professional advisors of family businesses (including consultants, accountants, lawyers, public relation practitioners etc.
Structure and Curriculum
Module 1: Laying the Strong Foundations For Success
Module 2: Governance Imperatives in Family Businesses: Transforming the family business into sustainable institutions.
Module 3: Family Business & Succession Planning – Key Imperatives.
Module 4: Sustaining and Growing the Family Wealth.
Admission process
1. Click on the Apply Now tab
2. Select the number of participants to enroll on the programme
3. Fill in your details to complete your application
4. Request for an invoice or make an instant payment via our secured payment gateway
5. Upon confirmation of payment, a programme manager will get in touch with you at least three days before the programme commences.
Faculty
Dr Okey Nwuke has over 27 years of experience in Finance and Corporate Governance from working with top corporates and leading commercial banks in Nigeria. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), an Associate of the Chartered Institute of Taxation of Nigeria (CITN), an honorary member of the Chartered Institute of Bankers Nigeria (CIBN) and a member of Business Recovery and Insolvency Practitioners (BRIPAN).
Dr Nwuke has acquired considerable expertise in credit analysis and bank financial management through professional training as a chartered accountant and from relevant training programmes and on-the-job experience. Most importantly, he is highly skilled in the management of financial institutions having held the Executive Director position in Access Bank from 2004 to 2013. He also served as the Chairman of the Board of Directors of Access Bank’s subsidiaries in Rwanda and Burundi and was also one of the pioneer Non-Executive Directors of StanbicIBTC Pension Managers Limited. His key competencies include marketing, negotiation, presentation, business restructuring and turnaround management developed over the years. He currently chairs the Shareholders’ Audit Committee of NASCON Plc.
Dr Henrietta Onwuegbuzie is an Associate Professor of Entrepreneurship at Lagos Business School and a certified Management consultant. She is also an IFC certified Management trainer. Onwuegbuzie is passionate about economic development and socio-economic transformation in Nigeria and Africa, and has initiated the creation of over 100 profitable, impact-driven businesses through the MBA and Executive programmes at Lagos Business School (LBS), where she leads sessions in Entrepreneurship on the MBA and Executive programmes. She is currently the Director of the Business Innovation Accelerator (BIA), and Project Director for the Impact Investing initiative at LBS. She was recently conferred the Excellence award in Entrepreneurship and Impact Investing and appointed a Distinguished Fellow of the Global Africa Leadership Council.
Onwuegbuzie is one of the first two African Visiting Faculty at Yale School of Management, in the United States, and has been invited to speak at top Business Schools like the Oxford Said Business School, UK and IESE Business School, Barcelona. She has an MSc (with honours), in Economics and Business Administration from the University of Navarre, Spain; an MBA from Lagos Business School, Nigeria; and a PhD in Management and Entrepreneurship, from Lancaster University, UK. Onwuegbuzie is a life member of the Beta Gamma Sigma group, which admits only top performers in the top 5% of Schools, worldwide.