FFI Global Conference
Miami 2019
Today, we face an unprecedented time of risk and opportunity. Globalization, sustainability demands, technological revolution, demographic changes, inequality, new perspectives, identity redefinition, natural disasters, pandemics, regulation, financial volatility, and medical advances are impacting families, businesses and the global economy. Not only do family enterprises themselves face challenges in this new frontier, so too do the professional advisors and consultants, researchers and academics who work with, in and/or conduct research in this field.
Pre Conference Sessions
GEN 503 Tools for Positive Change in Family Business Systems: Analysis and application
Faculty: Neus Feliu, FFI Fellow, Lansberg, Gersick & Associates; Andrew Hier, FFI Fellow; Carlo Salvato, FFI Fellow, FFI GEN Faculty Chair and Vice-Chair FFI Board of Directors
Room: Salon C/D
Description
- an overview of family business assessment tools
- insights into what to look for, look out for and how to choose family business assessment tools
- methods for identifying risks and benefits, challenges and opportunities for professionals using family business assessments
- “hands on” exercises for using assessment tools and discussing them with family business clients
GEN 504 Meaning and Purpose: Philanthropy and the family enterprise
Faculty: James Coutre, Fidelity Family Office Services; Maya Prabhu, CFBA, ACFWA, J.P. Morgan Private Bank
Room: Salon A/B
Description
- current trends in philanthropy and how wealthy individuals and families engage in philanthropy today — including the emergent field of Impact Investing
- understanding of how today’s high and ultra-high net worth families are expressing their values and working towards social and environmental impact through their philanthropic giving
- practical approaches, both relevant and rigorous, to position philanthropy at the heart of conversations on values, succession planning and preparing the next generation
- how to discuss philanthropy with clients to deepen relationships and win more business
- opportunities for debate, case studies and reflective exercises to enhance learning
FFI Iberoamerica Virtual Study Group meeting
Presenter: Daniel Lorenzo, University of Cadiz; Paula Rincón, Exaudi Family Business Consulting; Guillermo Salazar, Exaudi Family Business Consulting; José Ángel Vázquez, Universidad de Monterrey; Sofía Vollmer, Trusted Family
Moderator: Guillermo Salazar
Room: Salon G
Main Conference
Opening Plenary and Keynote, Kris Verburgh
Room: Salon E/F
Sponsored by Clairmont Trust
Description
Opening Reception
Room: Bayfront Terrace
FFI Global Education Network (GEN) Awards Breakfast
Join colleagues to recognize and congratulate GEN certificate program graduates, new FFI Fellows, and GEN scholarships recipients.
Room: Salon E/F
Concurrent Sessions
Amplifying Your Family’s Entrepreneurship
Presenter: Lauri Union, Babson University; joined by a family enterprise member
Host: Daniel Trimarchi
Room: Hibiscus Island
Description
Futuristic Realities: Family business and medical breakthroughs
Presenters: Thomas Koch, Medical University of South Carolina; Jean Meeks-Koch, The Family Business Consulting Group
Host: Lisa Morel
Room: Salon C/D
Description
Myth-Busting Values-Based Practices in Family Businesses
Presenter: Jon Quinn, Rockefeller Philanthropy Advisors
Host: Sandra McNeely
Room: Salon G/H
Description
Schumpeterian Theory in Action: Creative-Destruction, disruption, and resilience in the single family office
Presenters: James Coutre, Fidelity Family Office Services; Kirby Rosplock, Tamarind Partners
Host: Mary Duke
Room: Salon J/K
Description
Hospitality Break
Concurrent Sessions
Change Leadership, Innovation and Conflict Management: Tools for success beyond GEN 1
Presenters: Isabel Botero, Stetson University; Kimberly Eddleston, Northeastern University; Roland Kidwell, Florida Atlantic University
Host: Vaughan Scott
Room: Salon A/B
Description
King Lear at Twilight: The late adult transition and the “hero’s farewell” reconsidered
Presenter: Kelin Gersick, Lansberg, Gersick & Associates
Host: Guillermo Salazar
Room: Salon C/D
Description
Professionalizing the Business Family: Essential business, family and self competencies for responsible owners
Presenters: Claudia Binz Astrachan, Lucerne University of Applied Sciences and Arts; Fabian Bernhard, EDHEC Business School, France
Host: Pilar Tolentino
Room: Salon G/H
Description
Other team members: Anneleen Michiels, Hasselt University, Belgium; Torsten Pieper, University of North Carolina at Charlotte, USA; Matthias Waldkirch, EBS Business School, Germany
The New Paradigm for Managing Multi-Generational Family Investment Portfolios: Measuring the Environmental and Social Impact of Family Investments While Complying with Traditional Fiduciary Duty
Presenters: Dina Friedman, Wealth Manager; Rob Langdon, Investment Specialist; Hank Snyder, Senior Banker, J.P. Morgan Private Bank
Host: Bilal Zein
Room: Salon J/K
Description
Lunch & Learn Sessions
LGBTQIA Issues in Family Enterprise Advising
Facilitator: Kyle Danner, Family Business Advisor, KD1 LLC
Room: San Marco Island
STEP Project Global Report Presentation – Impact of changing demographics on family firms’ succession and governance
Presenters: Prof. Andrea Calabrò, STEP Project Global Academic Director and IPAG Family Business Institute (IFBI), IPAG Business School; Prof. Alfredo Valentino, STEP Project Global Research Champion and Associate Professor at ESCE International Business School
Host: Jamie Weiner
Room: Dodge Island
Student Satisfaction and Loyalty in Professional Family Business Education – The Role of Interactions and Value Co-creation
Presenter: Anthony Devine PhD, University of Northumbria
Room: Sunset Island
Technology and the Evolution of the Family Business
Presenter: Maya Prabhu, Head of Wealth Advisory, Europe, Middle East and Africa, J.P. Morgan Private Bank
Room: Salon E/F
Concurrent Sessions
Emotional Disruption and Collaborative Co-creation: On the dynamics of the sale of Spain’s oldest family business
Presenters: Fabian Bernhard, EDHEC; Borja Raventós, Codorníu Raventós
Host: Patricia Angus
Room: Salon A/B
Description
In the Land of the Giants: Emerging from the shadows into the new frontier
Presenters: Jamie Weiner, Inheriting Wisdom
Host: Salvador Cerón
Room: Salon C/D
Description
Stress Testing Your Family’s Longevity Plan
Presenter: Brett Scola, Pitcairn; Susan Weinstock, AARP
Host: Mike Connolly
Room: Salon G/H
Description
The Values Effect: Leveraging family business values as a strategic asset in times of disruption
Presenters: Peter Englisch, PwC
Host: Mark Rubin
Room: Salon J/K
Description
Hospitality Break
Concurrent Sessions
The Paradigm Shift in Addiction Treatment: Implications for families and their advisers
Presenters: Ross Ellenhorn and Edwin Levin, Ellenhorn, LLC
Host: David King
Room: Salon C/D
Description
POW: Navigating the impact of women competing for leadership in family enterprises
Presenter: Patricia Annino, Rimon PC
Host: Frank Harrington
Room: Salon G/H
Description
Spirituality in Family Business Advising
Presenters: Mette Ballari; Natalie McVeigh, EisnerAmper
Host: Tanis Perez
Room: Salon J/K
Description
Technological Disruption: Next-gen leadership, career pathways, and the role of the advisor
Presenter: Jeremy Cheng, The Chinese University of Hong Kong
Host: Asher Noor
Room: Salon A/B
Description
Trusted Family Reception
(RSVP required)
Room: Hibiscus Island
Starry Night Gala Awards
Cocktail reception and awards: Salon E/F
Buffet dinner: Lower Pool Deck
(Included with main conference, pre-registration required)
Description
GEN Alumni & Fellows Breakfast
(By invitation only)
Room: Salon E/F
Concurrent Sessions
Advising Family Businesses in Complex and Turbulent Environments: Needs, challenges and resilience development
Presenters: Cristina Alvarado, Universidad Autónoma de Barcelona; Pablo Aure Fariñez, Exaudi Family Business Consulting; María José Parada, ESADE Business School
Host: Patricia Arrázola Jaramillo
Room: Salon A/B
Description
Caught in the Crossfire or Hailed as a Hero?: The pivotal role of ‘bridge generations’ in cross-cultural families
Presenters: James Grubman, Family Wealth Consulting; Dennis Jaffe, Wise Counsel Research
Host: Jennifer East
Room: Salon C/D
Description
- Organizing the voices of the many households in the extended family into a unified chorus.
- Making tough decisions about the future of the business that may challenge founders’ views.
- Organizing the family governance necessary for an increasingly complex environment.
- Transforming the legacy of their parents into active engagement of their children and grandchildren.
- Organizing the family for processes that create a productive learning environment.
- In global families, spearheading the blending of modern approaches with longstanding traditional cultures, all while being revered or reviled for their role.
Integrating research and practice with long-established families in different cultures, this workshop extends the Jaffe/Grubman Cross Cultures paradigm to the challenges, needs, and opportunities with “Bridge Generation” G2 family members. The session will focus on what consultants can and should do to support this under-appreciated cohort. One or two video clips will be shown, demonstrating examples from different cultures about the unique roles played by G2s in multigenerational family enterprises.”
Building a Robust Practice: Reframing yourself and your clients
Presenters: Ann Kinkade, Lucid Legacy; Greg McCann, McCann & Associates
Host: David Harvey
Room: Salon G/H
- How do we support capacity-building and resilience within the day-day and extreme stressors that permeate a family enterprise and our own (professional) lives?
- Given growing intensity in which family enterprises exist, and our universal connectedness, how are you evolving as you support family enterprise development?
Description
Capacity-building is vertical development involving 3 stages: awakening, unlearning, and advancing—a personally deep and profound process, in which resilience is a key factor. We invite individual reflection and sharing on the following provocative questions. Facilitated sharing will follow, as an exercise in co-creation of a shared vision around new thinking in the field.
Given the growing intensity in which family enterprises exist and our universal connectedness:
- How can framing the situation within a family enterprise mindset facilitate overall development and growth of the family and its enterprise?
- How can we support individual and familial development, and overall capacity-building and resilience?
- How can we support development within both the day-day and extreme stressors that permeate a family enterprise and our own lives?
- How are you evolving as an advisor as you support family enterprise development?
The World is Flat…..and Risky
Presenters: Linda Bourn and Jonathan Crystal, Crystal, Alliant Private Group
Host: Helena von der Esch
Room: Salon J/K
Description
Given the global nature of family businesses and their owners, events in one part of the world could inadvertently have ripple effects on the family business and family owners. Family enterprise is risky business. There’s a scarcity of information available to help family enterprise owners gain insight into risk management best practices and strategies employed by their peers on a global basis. The majority of family firms do not have a full-time risk manager, and as a result there is frequent “siloing of risk” by boundaries such as the family business, family office, family branch, or by accountability of decision making. The structure of family holdings, comprised of corporate entities, trusts, partnerships, and family investment interests, can also make it difficult for owners to address risk across the entirety of their enterprise—including risks to the family itself. Building resilience should be the prevailing risk management mindset by all family enterprise owners. This is because it isn’t’ possible to make the family risk proof.
The keys to building resilience:
- Identify VUCA risk ‘blind spots’ common to all family enterprises.
- Help family enterprises and their advisory prepare for the unexpected.
- Understand three keys to building resilience for the enterprise and the family.
- Prioritize risk management objectives.
Hospitality Break
Concurrent Sessions
Creative disruption: What does it take to create a collaborative space within business families
Presenters: Rania Labaki, EDHEC Business School; Francesco Lombardo, Veritage Family Office
Host: Catherine Rossbach
Room: Fischer Island
Description
From Obligation to Opportunity: Disrupting the first-generation family office model to reinvent for the future
Presenters: Deborah Bing and Todd Smith, CFAR, Inc.
Host: Mairi Mickel
Room: Salon C/D
Description
This workshop will share stories of two families at such a cross-road, one who failed to make the transition and one who is succeeding. We will explore how they did or did not use effective tools to build a new approach to their family offices, constructed around interests, in the service of continuity as a family enterprise. Both grappled with these questions:
- How to stretch beyond financial support to provide education, governance, and communication that advances family glue and continuity in a world with less connection to the legacy business?
- How to create a model of opportunity, not obligation, that family will find valuable well into the future?
- How to fund family office services to increased family members with wealth diffusion?
- How to generate new wealth creation that can keep pace with a growing family?
Our presenters include an advisor and a former family office executive, and we will offer participants a framework for surfacing and working through the core design questions facing today’s family office in transition.
Solo by choice? Breaking the patterns of intergenerational trauma and triggers around romantic intimacy
Presenters: Louise Levin, Louise Levin Associates/Screaming Non Sequitur Productions
Host: Daphne McGuffin
Room: Salon G/H
Description
Tails of transition: How disruptions in timing affect generational transitions
Presenters: Josh Baron and Nicholas Di Loreto, BanyanGlobal Family Business Advisors
Host: Amy Hart-Clyne
Room: Salon J/K
Description
Lunch and Annual Meeting
Room: Salon E/F
Concurrent Sessions
Executive Presence: What is it, how can I achieve it, and could my clients benefit from it?
Presenter: Greg Owen-Boger, Turpin Communication
Host: Ian Macnaughton
Room: Salon J/K
Description
Using her research and the 15 facets that Bates uses to define presence, we’ll discuss how these traits show up (or not) during everyday meetings and informal interactions with peers, direct reports, and clients. We’ll also explore how a strength in one area can cause blind spots and weaknesses elsewhere.
NOTE: This is not about stereotypes, nor is it about a male-centric notion of what it means to be a successful businessperson. It’s about how everyone can flex or modify behaviors to (1) be intentional about how you show up, (2) improve outcomes in relationships, and (3) ultimately, grow bottom-line business results.
At the end of the session, you’ll gain an understanding of how you can (1) improve your own presence and (2) coach others to improve theirs.
Location, Location, Location: What the changing geography of workers means for family business strategy
Presenter: Mark Rembert and Caleb White, CFAR, Inc.
Host: Louisa Brunner
Room: Salon A/B
Description
Managing Conflict: Insights from Science, Family Systems, and Practice
Presenters: Kathy Wiseman, Working Systems, Inc.; Jack Wofford, John G. Wofford, Esq.
Host: Dan Frosh
Room: Salon G/H
Description
Reimagining Extremes in the Continuum of Governance Models: Two case studies
Presenter: Marta Widz, IMD
Host: Jon Ramos
Room: Salon C/D
Description
The first, referred to as “pruning the tree”, implemented at Jebsen & Jessen Family Enterprise, relies on extremely concentrated ownership. Through the concept of “principal shareholders,” both Jebsen and Jessen families would normally be represented by a single member. Based on the “one captain – one ship” mentality inherited from their sea-faring days, Hans Michael Jebsen is the principal shareholder in Jebsen & Co., and Heinrich Jessen is the principal shareholder in Jebsen & Jessen (SEA). For the other corporate entities, they apply a “hand in glove” leadership, with equal cross-shareholdings and consensus-based decision making. Shares are not inherited—they are acquired from the principal shareholder who in a generation in each family selects its successor. The second, referred to as “inclusion,” values broad family affiliation and ownership, also reflected in the corporate slogan, “J.M. Huber, A Family of Solutions.” Family members are free to pass on ownership stakes to their children and spouses. All can also be actively involved in operational and board roles. Designed as a key pillar of family unity, the Huber family organizes family’s Annual Meeting Weekend every year, manages the whole communication menu, including intranet for family members, educates the family members at the “Family Director Training Programs” and the “Huber University.” These two approaches to governance should be considered as extremes in a continuum, with ample space in-between for hybrid models. As philosophies, they are equally valid so advisers need to understand each family’s unique philosophy before attempting to implement or advise on adjusting specific governance structures.
Closing Plenary and Kick Off to New York City 2020
Room: Salon E/F
Keynote, Ismael Cala
Mindful Exponential Leadership in the V.U.C.A. World
Millions of years ago, an asteroid collided with our planet and caused a change in the atmosphere that resulted in the dinosaur extinction. However, “dinosaurs” still exist in our world today, and they’re also doomed to disappear if they don’t adopt the technological wave of change in time.
Description
- What is mindfulness? Why is it important?
- What does a Mindful Exponential Leader need to practice in the V.U.C.A world?
- The difference between a leader with a vision of incremental growth and a mindful exponential leader.
- Qualities of a Bamboo Leader.
- Neuro-education: the “agile” learning method for future leaders.
- Practical mindfulness exercises.
Incorporating these key points is the foundation to the transformation needed to stay relevant, avoid obsolescence, and become conscious leaders committed to their expansion and collective impact on the world. Nowadays, companies need engaged leaders who are willing to step up to the “next” level. Ismael Cala invites you to join him on this journey into the future.
CHAIRMAN OF SANDAIRE AND NON-EXECUTIVE DIRECTOR OF HIS FAMILY’S HOLDING COMPANY