破局“富不过三代” 中国家族企业治理新范式重磅发布

Core Insights - The report highlights that 75% of business owners wish for their children to take over the family business, yet less than 13% successfully pass it to the third generation, indicating a significant challenge in family business succession [1][4] - The report emphasizes the need for systematic governance and the use of trust tools to address the "wealth does not last beyond three generations" phenomenon, providing a strategic framework for sustainable family business development [1][8] Governance Challenges - Over 60% of surveyed family businesses have a family ownership stake exceeding 50%, with 90.4% of owners believing that families should hold at least 50% of the equity, indicating a strong overlap between ownership and management [2] - The report identifies four core challenges in family business governance: ownership fragmentation leading to conflicting goals, the clash between family and business systems, the complexity of wealth management, and the fragility of social capital transmission [5][7] Solutions and Strategies - The report proposes four actionable pathways for governance improvement, focusing on shareholder governance, family governance, wealth governance, and social capital governance [8] - It suggests establishing a rule-based governance system to clarify ownership rights and responsibilities, utilizing shareholder agreements and family constitutions to mitigate decision-making paralysis [8][9] - For family governance, the report advocates a balanced approach that combines formal structures like family charters with informal mechanisms to maintain emotional ties [9][10] Role of Trust Tools - Trust tools are highlighted as essential for effective family governance, serving as a foundation for governance objectives and enabling the separation of ownership, control, and income rights [11][12] - Trusts can help manage family wealth by isolating business risks and providing stable capital support for business development, while also ensuring compliance with governance standards [11][12]