When the Next Gen wants to fix the family business

ELECTION fever aside, a rather interesting conversation cropped up during a meeting with a few corporate tycoons recently – the all-important question of succession planning.

Most of the corporate chieftains have children all ready and qualified – in legal terms at least – to join the labour force. The question that cropped up was whether these offsprings should join the family business and succeed it, or work outside the family business for a few years.