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Monday, March 01, 2021

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Enrique Soriano

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Soriano: Overpaying family members is dangerous

Founders and business owners must never toy around with a family member’s remuneration package. It is a very sensitive topic as it involves money. Paying them less than what they are capable of doing is not just downright dangerous but ...

From 6 days ago

Soriano: Family employment equals cheap labor

In my experience working for family firms in Asia, compensation is ranked among the top three complicated issues that generally plague family run businesses. The other two are generational transition (failed succession due to a founder’s refusal to share and ...

From 13 days ago

Soriano: Are you compensating your children the right way? Part 2

At the height of the health pandemic where governments in Asia imposed restrictive lockdowns, many businesses were severely affected. Most of those that struggled were forced to let go of their workforce. Companies that opted to retain their employees ended ...

From 18 days ago

Soriano: Are you compensating your children the right way?

Family-owned businesses are extremely complicated. It is no surprise that many active family members are struggling to find the right balance. As family business advisors, when we are tasked to prepare compensation and benefits policies for next generation leaders, we ...

From 27 days ago

Soriano: Are your children overpaid or underpaid?

Compensating family members is a very sensitive topic and can spark conflict from all angles when handled poorly. It can also cause division among family members and non-family executives. In my experience handling family-managed businesses in Asia, I have observed ...

From 34 days ago

Soriano: The succession curse

With the likely collapse of many big businesses and corporate giants initiating restructuring programs as a result of the severe economic impact of the pandemic, there now exists a unique opportunity for family-run and managed businesses to show the ...

From 41 days ago

Soriano: The dangers of an ownership mindset

Despite all the patriarch or matriarch initiated-gatherings, no family is immune to the dangers of handing ownership to the next generation solely by blood alone. Nor is it a guarantee that there will be sibling harmony based on the children’s ...

From 48 days ago

Soriano: Family business stewardship is a lasting gift (Part 2)

I remember Papa telling me after graduating from high school that “whatever you choose to do with your life, whatever pursuits you wish to achieve, we will always support you. If you find interest in the family business, you are ...

From 56 days ago

Soriano: Stewardship is a lasting gift

A FEW weeks ago, I witnessed a wonderful change of leadership between he founder father and the next generation successor son.The latter is not the eldest but he is the most qualified. The generational transition was a culmination of more ...

From 62 days ago

Soriano: From emperor to engagement: The best option

IN THE world of family businesses, there is always a dark side that time and again erupts into a scandal and spills into the front pages of national dailies. More like a soap opera but with far more damning revelations ...

From 69 days ago

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