EY Global Family Business Summit
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1 EY Global Family Business Summit Maximize your family business competitive advantage Monaco, 8-9 June 2016
2 The EY Family Business Summit will, once again, take place at EY s World Entrepreneur Of The Year gathering in Monaco. The 2016 summit will address the pressing issues that family businesses face today and in the future as they seek to grow sustainably and succeed for generations. The event is organized by the EY Family Business Center of Excellence, and will gather the winners of the Family Business Award of Excellence, which is now presented in 25 countries, alongside other leaders and members of multigenerational family businesses from around the world. I look forward to welcoming you in Monte Carlo. Peter Englisch Global Leader EY Family Business Center of Excellence
3 Join us Theme As time goes by, a family business s chance to survive across generations gets slimmer. Facts show that 30% make it into the second generations, fewer than 15% survive through the third generation and only about 3% operate beyond the fourth and beyond. Yet some of the world s largest family businesses defy these statistics. In fact, 44% of the Top 500* made it to the fourth generation and beyond. How? We believe it s through one important skill: effectively leveraging their family business competitive advantage. Our third EY Global Family Business Summit is built to inspire and equip you with ideas so you, too, can derive the most from being a family business. The EY Global Family Business Center of Excellence has developed an agenda to help you learn from your peers how to navigate the minefields of being a family business and how to leverage the advantages. Keynote sessions, panel discussions and interactive workshops will guide you through key areas. Effective leadership, family governance, philanthropy, next generation engagement and family office are up for discussion. We believe that our speakers, panelists and experts from EY and beyond will equip you with the knowledge and inspiration you need to fully unlock your family business competitive advantage. Come and join more than 300 family business owners from all over the world to expand your global network. Be inspired as you discover how you can make sure that your business is one that succeeds for generations. *Source: Global Family Index 2015, University of St. Gallen and EY. The agenda The agenda for the Family Business Summit is linked to that of the World Entrepreneur Of The Year event. The summit will start on the morning of Wednesday 8 June, with plenary sessions in the morning followed by breakout sessions and private meetings in the afternoon. In the evening, participants will join a special evening to celebrate the launch of the EY Family Business Yearbook and the announcement of the Global Family Business Center of Excellence Special Recognition and Next Gen Award recipients. The next day, participants will join the 1,000-strong World Entrepreneur Of The Year audience for a morning of plenaries featuring family business leaders, entrepreneurs and other business and political leaders. The Summit will conclude with a special family business lunch and a panel session featuring a selection of the current Family Business Award winners. Those who wish to stay can attend the rest of the World Entrepreneur Of The Year Program, which runs until Sunday morning. Who will join the Family Business Summit? The Entrepreneur Of The Year Family Business Award of Excellence winners and finalists will be in attendance, alongside other family business leaders and members from around the world. We are also encouraging next generation members to attend, with a specially tailored program. For more information about the EY Family Business Center of Excellence, visit us at ey.com/familybusiness.
4 Agenda Wednesday, 8 June 2016, Fairmont Hotel 07:30 Arrivals and networking breakfast 08:15 Welcome address by Peter Englisch, Global Leader, EY Family Business Center of Excellence 08:30 Opening keynote interviews. Unlocking your family business competitive advantage Learn how the leaders of two renowned family businesses have built on their success. Pierre-Emmanuel Taittinger, leader of the iconic champagne house, will share how he regained control of the business through his sense of legacy and purpose, as well as how his vision is shaping the future for the next generation. Marc Puig, leader of the eponymous family business, will discuss how it has thrived for generations by making the most out of its family name, values and ownership. Founded in 1914, this leading fashion and fragrance business is known for brands such as Paco Rabanne, Carolina Herrera, Jean Paul Gaultier and many more. Together on stage, they will offer their formulas for business and family success. Marc Puig, Chairman and CEO, Puig, Spain Interviewed by: Prof Guido Corbetta, AIdAF EY Chair in Strategic Management of Family Business, Bocconi University, Italy Followed by: Pierre Emmanuel Taittinger, Chairman, Taittinger SA, France Interviewed by: Ramia El Agamy, Editor-in-Chief, Tharawat Magazine, UAE & Switzerland 9:30 10:30 Panel discussion. Maximizing the family advantage through effective governance One of the most effective ways to ensure your best traits as a family business are leveraged into a competitive advantage is through your governance. Objectively analyzing your key characteristics as a family and a business is an essential exercise. It helps codify your path to success while ensuring effective succession and family cohesiveness. Easy to outline but whose job is it, and when and how do you do that effectively? This session explores the options. Moderated by: Peter Englisch, Global Leader, EY Family Business Center of Excellence Prasad Kumar, Chairman Institution Building & Governance, GMR Group, India Brian White, Joint-Chairman, Ray White Group, Australia Prof. Guido Corbetta, AIdAF EY Chair in Strategic Management of Family Business, Bocconi University, Italy 10:30 10:45 Break 10:45 11:45 Panel discussion. Effective leadership: attracting and retaining top talent in family business Talent is crucial! But not all skills needed to lead a business today and into the future can be found in the family gene pool. All family businesses are faced with the task of recruiting top talent to lead their business or manage more specialized functions. And we are all too aware of the constrictions that hinder the process of recruiting the best talent in a family business. This session will address how to secure and support the best non-family CEOs and executives. We will then go beyond their appointment and talk about how they are in an ideal position to truly leverage your family business competitive advantage. Moderated by: Andreas von Specht, Founding Partner, AvS International Trusted Advisors, Germany James Wates CBE, Chairman, Wates Group, UK Carrie Hall, Americas Family Business Leader, EY 11:45 12:30 Closing keynote. Family business philanthropy: fast forward This closing plenary will feature one of the most inspirational and entrepreneurial family philanthropists. Sir Evelyn de Rothschild, Chairman, E.L. Rothschild, UK Interviewed by: Will Lewis, Publisher, Wall Street Journal, US
5 12:30 14:00 Networking lunch 14:00 15:30 Family Business breakout roundtables These highly interactive roundtables are designed for up to 40 participants. They will provide peer-to-peer sharing and learning experiences to equip you with actionable insights to succeed for generations! 1. Family office: successful strategies for family and wealth management Families have many options to effectively manage and preserve their wealth. We will explore the family office model as well as recent trends in wealth management with our EY Family Office professionals. Faciliated by: Richard Boyce, Family Office Services Leader, Asia-Pacific, EY 2. On-boarding the next generation in family business Bringing in the next generation is one of the most delicate challenges, and meeting it is key for long-term success. An effective transition requires a clear understanding of how the roles of today s and tomorrow s generations evolve over time. We have helped many families in their transition journeys and will share those lessons, along with the real-life experience of our panelists, to offer insights and leading practices. Moderated by: Peter Englisch, EY Global Family Business Center of Excellence Andrea Baars, Global Leader, EY NextGen Program Marie Eriksson, Director of the Board, Stena AB, Sweden Peter Honegger, Co-Founder and Managing Director, Newcomers Wines Ltd, UK Sonny Iqbal, Partner, Egon Zehnder, India 3. The art of giving: effective strategies for family business philanthropy We often refer to family business philanthropy as the glue between generations, and it is one of the key tools at your disposal to leverage your family business advantage. This roundtable will analyze the latest trends in effective and entrepreneurial family giving. We will also share the results of our latest survey of the world s largest family businesses. Moderated by: Prof. Dr. Bernhard Lorentz, Former Chairman of the Mercator Foundation and Visiting Scholar at Stanford University s Center for Philanthropy and Civil Society 15:30 16:30 Family Business private meetings What keeps you awake at night? Take advantage of special one-on-ones with our EY Family Business experts on topics such as succession planning, governance and family charters, next generation education, family wealth management and family offices, entrepreneurship, innovation, philanthropy and anything else that s on your mind. 17:00 19:30 EY World Entrepreneur Of The Year Hall of Fame induction ceremony 20:00 23:00 Monaco Yacht Club EY Family Business Yearbook launch dinner The much awaited Family Business Yearbook 2016 will be unveiled during this very special celebratory dinner, which will also feature the presentation of the Global Family Business Special Recognition and NextGen Awards. By invitation only. For more information and updates about the program and speakers, please visit
6 Thursday, 9 June 2016, Fairmont Hotel 09:00 World Entrepreneur Of The Year Forum opens Welcome address 09:10 10:00 Opening Keynote. The legacy of purpose Founded in 1896, Roche, the number one biotech firm globally, has been making important contributions to global health for more than a century. From the very beginning, Roche focused on innovation and on establishing an international presence, and today it employs more than 80,000 people and is present in more than 150 countries. The family-controlled company provides a great example of how the long-term vision and values of the founder and his family have contributed to making the firm an example of sustainability while accelerating the delivery of health care, especially in developing economies. Roche s model of innovation sets it apart from its competitors, as does the company s commitment to communities and the environment. This is a unique opportunity to be inspired by André Hoffmann, non-executive Vice-Chairman as well as the great-grandson of Swiss founder Fritz Hoffmann-La Roche, who will share his views on purpose, innovation, sustainability and the importance of legacy and family ownership. André Hoffmann, Non-executive Vice-Chairman Roche Holding Ltd 10:00 10:40 Fireside chat Entrepreneurs without borders We are pleased to present this follow-up panel to a hugely popular collaboration born at the World Entrepreneur Of The Year 2015 Forum. Listen to these proactive entrepreneurs talk about where they are on tackling pressing social issues one year later. This is a lineup of doers! It s the inspiring conversation we all need to hear. 11:35 12:15 Is digital disruption driving your business? Artificial intelligence, the Internet of Things and data analytics have a huge impact on industries, individuals and the world as we know it. Listen as a panel of techno-experts discuss opportunities for you to follow, buy or build to advance your strategy in today s unquestionably dynamic mobile internet space. 12:15 13:00 Day one closing keynote Dan Schulman, CEO, PayPal 13:00 14:30 Family Business lunch and Meet the winners panel A selection of current Family Business Award of Excellence winners will share the stage to inspire us all with their stories of resilience, entrepreneurship and legacy building. Moderated by: Florian Langenscheidt, Author and publisher, Germany David Bain, Founder, Family Capital, UK Matteo Lunelli, Chairman, Cantine Ferrari, Italy Martine Reynaers, CEO, Reynaers Aluminium, Belgium Alexander Sixt, Member of the Executive Board for Organization and Strategy, Sixt SE, Germany 14:30 Family Business Summit ends 10:55 11:35 Keynote. How Lavazza is changing the world, one coffee cup at the time For 120 years, Lavazza has prided itself on being a company with a heart. It estimates that it serves 17 billion cups of coffee a year, with innovation that enhances the life cycle of each cup. Listen to the founder s grandson, Giuseppe, describe how the 120-year-old company s commitment for sustainability extends to every aspect of its global business. This commitment encompasses the quality, ethical standards, transparency and team spirit so necessary to all successful businesses. Giuseppe Lavazza, Vice Chairman and Member of the Board, Luigi Lavazza SpA, Italy
7 Speakers and panellists include: Pierre Emmanuel Taittinger, Chairman, Taittinger SA, France Giuseppe Lavazza, Vice-Chairman, Luigi Lavazza SpA, Italy Marie Eriksson, Director of the Board, Stena AB, Sweden Brian White, Joint-Chairman, Ray White Group, Australia Marc Puig, Chairman and CEO, Puig, Spain James Wates CBE, Chairman, Wates Group, UK André Hoffmann, Non-Executive Vice-Chairman, Roche Holding Ltd, Switzerland... and many more to be confirmed! Sir Evelyn de Rothschild, Chairman, EL Rothschild, UK Prasad Kumar, Business Chairman, Institution Building & Governance, Board Member GMR Group Holding, India
8 EY NextGen Award 2016 At the summit, we will announce the EY NextGen Award winner. Now in its third year, this unique award is open to all of our NextGen Academy Alumni. The award recognizes exceptional entrepreneurs among younger members of business families. Bill Ford, Executive Chairman, Ford Motor Company presents Andreia Quercia, Board Member, Sol Panamby (Brazil), with the EY NextGen Award for 2015.
9 EY Family Business Yearbook launch party The summit cannot be all work and no play. So we will hold a launch party for the much-anticipated 2016 EY Family Business Yearbook, published in collaboration with Deutsche Standards Editionen. The party, which will take place at the exclusive Monaco Yacht Club, on the evening of 8 June, enables our family business participants to network in relaxed, convivial surroundings. This special evening will also include the announcement of the Global Family Business Center of Excellence Special Recognition and NextGen Award recipients for Register today! The event can be attended by invitation only and places are limited, so if you received this brochure with a personal invitation, please follow the link provided to register. Alternatively, please contact Lindsey Grazier, lgrazier@uk.ey.com to request an invitation. The event is open exclusively to family business owners and members, and founders with a dynastic will. Or you can visit us at ey.com/weoy or ey.com/ familybusiness.
10 Monaco 7 12 June 2016
11 Who will inspire us next? Join us for the remainder of the EY Entrepreneur Of The Year 2016 Forum as we celebrate achievements, meet with game changers and build on the passion that propels innovative thinking. The event provides an unparalleled opportunity to easily expand your global network and learn from the world s best entrepreneurs, leading CEOs, and business and government leaders. Our lineup of inspiring speakers includes Paul Polman, CEO of Unilever; Dan Schulman, CEO of PayPal; Mohed Altrad, President of Altrad Group and EY World Entrepreneur Of The Year 2015; Andy Kuper, Founder and CEO of LeapFrog Investments; Nick Danziger, Monaco-based prizewinning photographer; and Margaret Gilmore, former BBC senior correspondent. And there s more: you ll have a seat at the world s only global celebration of entrepreneurial achievement. Saturday night will be one to remember as the World Entrepreneur Of The Year 2016 is announced at a black-tie gala ceremony. We hope you ll take advantage of the interactive panel sessions, private meetings, valuable learning and celebration For more information, please visit ey.com/weoy.
12 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. About EY Entrepreneur Of The Year EY Entrepreneur Of The Year is the world s most prestigious business awards program for entrepreneurs. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global awards program of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries. ey.com/weoy 2016 EYGM Limited. All Rights Reserved. EYG no. CY1061 BMC Agency GA 0000_04771 ED None This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice. ey.com/familybusiness
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