16 April 2020: Subscribers to The European Family Investment Company Report plus selected experts, including heads of family business associations, from across nine countries met online to speak and share their experiences of managing during the Coronavirus crisis. The Conversation was opened by the family leader of a substantial multi-generational family investment company, who outlined the key challenges they were facing and how they were responding. Following this, other attendees offered their knowledge and insights. The meeting was moderated by John Learmonth with participation from Professor Heinrich Liechtenstein, co-authors of the Report.
Top line Takeaways from the Conversation included: Communication, taking care of the family, opportunity, positive thinking, entrepreneurship, triage and the importance of diversification, the increased importance of the FIC in time of crisis, the value of values, family records and luck.
Note: The full text of the EFIC Conversation Takeaways from this first meeting is being made freely available to family businesses, all those who work for or with them, or anyone else who is interested. We hope it is of use in these challenging times.
To request a copy please email: info @ deanbridgeinternational.com