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Faculty

• Prof. Rui Meng - Programme Director
• Kathryn Feng - Deputy Academic Director
• Prof. Gong Yan
• Prof. Liang Neng
• Prof. Aaron Low
• Prof. Su Xijia
• Prof. Xu Xiaonian

Selected previous guests

• Joseph P. H. Fan
• Prof. Roger King
• Julia Balandina Jaquier
• Yonekura Seiichiro
• Winnie Peng
• Maekawa Youichirou
• Yoshihiko Takubo
• Motofumi Yoshida

Programme Objective

This programme is designed to provide family wealth creators and inheritors, as well as senior wealth managers, with in-depth insights into the four FO objectives of sound governance, risk prevention, wealth management, and business succession. To provide families with superior, personalised wealth inheritance services, participants will gain an understanding of the concepts of professional wealth management and global asset allocation. Through a combination of classroom lectures, visits to family businesses and FOs, and presentations by industry experts, participants will learn how to create a decision-making system aimed at managing family wealth and providing efficient services to entire families.

Programme?Benefits

Participants will:

• Understand the positioning and challenges of the FO and its mission to lead the family through transformation and development, ensuring the preservation, management, and inheritance of family wealth.
• Learn how to balance family and family business and create a governance program that aligns the interests of the family with the potential of the family business in order to increase the efficiency of business operations and maintain trust among family members.
• Focus on family, business, and social performance to achieve happiness through wealth management.
• Understand and follow a consistent investment philosophy and manage investment portfolios based on insights into investment trends to preserve and grow family wealth.
• Discuss the issues of family succession and development with representatives of prominent families in China and wider Asia to benefit from the management experience of world-renowned FOs.
• Share their ideas about the opportunities and challenges for FOs with families across the country.
• Join the ÖйúÒ»¼¶Æ¬ Alumni Association.

Programme?Schedule

Module 1: Sound Governance ¨C Separating Family and Business Assets

As a family business grows, it is confronted with several thorny issues, including insufficient family member engagement, talent shortages, lack of a level playing field, conflicts of interest, and a mismatch between family and business needs. How can the family and the business achieve common development and smooth succession through an effective governance model and plan?

This module focuses on the concept of separation of family and business assets with an emphasis on family governance, including the formulation of family charters and the establishment of family committees. Cases from different countries and regions are presented to explore which family business governance models are suitable for different types of families across regions and industries, and to analyse how to plan for family equity, control, and management within the family business. This module also looks at family business innovation and succession, the management and preservation of special family assets, and the approach of using the family trust as an important tool for business succession. This module includes the following topics:

• Family governance
  • Family charters and family committees
  • Family mission, vision, and values
  • FO
• Family business governance
  • Family business governance and control structure
  • Family business ownership design
• Family business succession
  • Principles and procedures for choosing a successor
  • Mentoring and grooming a successor
  • Criteria for a family business successor
• Innovative strategies for family business governance
  • Family governance and succession
  • Designing a mechanism for family business innovation and closed-loop management
• FO tools
  • Trust classification and functions
  • Family trust case studies
  • Application of trusts
• Extracurricular events and communication

Module 2: Risk Prevention ¨C Legal and Tax Tools for Civil, Criminal and Social Risk Management

Family succession is usually fraught with both known and unknown risks. Managing these risks is a complex process that requires a combination of coordinated strategic actions. To achieve financial sustainability, families must effectively integrate their legal compliance and management systems, engage in family identity and tax planning, and preserve and grow their social capital.

Focusing on civil, criminal, and social risks to family businesses, this module compares legal and tax regulations in different countries and analyses various means of family succession, including legal, tax, insurance, and social risk management. This module includes the following topics:

• Civil and criminal risk
  • Civil risk prevention
  • Criminal risk prevention
• Legal resources
  • Asset-related legal resources
  • Marriage, family, and succession
  • Share and nominee shareholder agreement
  • Offshore legal resources
• Tax planning
  • Tax identity
  • Tax planning and filing
  • CRS implications
  • Tax risk isolation?????????????
• Family and society
  • Risk and value of family social capital
  • Doing well by doing good
• Interacting with overseas family businesses and FOs as benchmarks

Module 3: Business Succession ¨C Passing on the Family¡¯s Human and Cultural Capital

Preserving and growing the wealth of the family and the family business puts the latter on a solid financial footing. Family culture and spirit can only be passed from generation to generation by effectively connecting family members with appropriate educational programs. A successful family education system enables family members to engage in the lifelong learning that can qualify them as successors. Family members, bound together by family values and honour, are well positioned to pursue long-term goals beyond their own lifetimes.

This module examines the role of individuals in the inheritance of family wealth through the lens of family culture. It presents in-depth case studies of long-lived international family businesses from the perspectives of social evolution, innovation and tradition, family culture, and family education. This module includes the following topics:

• The secret of family business longevity
• The family business approach to developing organisational core competencies
• Consistency and change in long-lived companies: Cultural capital and innovation
• Visiting and benchmarking family businesses

Module 4: Wealth Management ¨C Wealth Inheritance and Investment Management

Family wealth management is driven by the family¡¯s need to allocate financial capital on a global basis. Investment vehicles vary in their risk/reward ratios, which tend to fluctuate in complex ways. To achieve effective family wealth management, family investors should rely on professionals to make decisions within a sound and systematic framework.

This module focuses on risk management. In this module, professionals from wealth management institutions will explain family wealth management and asset allocation strategies in simple terms to help participants better understand the creation and operation of family funds, capital markets and market cap management, and alternative investment management. This module includes the following topics:

• Macroeconomic landscape
  • Deep insights into capital markets in China and abroad
  • Investment philosophy
  • Risk control mechanisms
• Global asset allocation
  • Equity investment
  • Introduction to funds
  • Alternative investments
  • Other investments
• Company valuation and market capitalisation management
  • Financing
  • Corporate M&A strategy
• Regional government policy presentation and networking with FOs
• Investment simulations and company visits
• Graduation ceremony

Elective Module: Overseas Family Businesses and FOs

In this module, overseas families and family businesses will share their experiences in innovating and passing on family culture. Participants will explore how families can prepare their members as successors, understand the importance of knowledge management in family businesses, and learn how Chinese and overseas family businesses have contributed significantly to social progress throughout history.

• Using overseas FOs as a benchmark
• Visiting overseas family businesses

(Please note that an additional fee is required for this module.)

Teaching Language

Chinese

Admissions Procedures

Applications are requested at least 30 days before the programme start date. Applications are reviewed as they arrive and admissions are subject to the final confirmation of ÖйúÒ»¼¶Æ¬. Any applications received after that date will be considered on the basis of space availability. For more information, please contact our Customer Service Team in Shanghai, Beijing or Shenzhen.

Cancellations

Any cancellation made 30 days or more prior to the programme start date is eligible for a full refund of programme fees paid. However, the expenses arising therefrom shall be for the account of the applicant or his/her employer. Any cancellation made less than 30 days prior to the programme start date shall be subject to a fee of 20 percent of the total programme fee. After the programme starts, no fees shall be refunded for participants who withdraw from the programme for any reason.

Notification

To ensure the continuity of your learning, you are required to make proper arrangements according to the course schedule after receiving your letter of enrollment. We will neither make up lessons for you nor confer you with the certificate of completion if you are absent from the course for personal reasons. ÖйúÒ»¼¶Æ¬ reserves the right to amend information on this programme including price, discount, date, location, faculty, daily schedule and other details.