Chair of CEDAR, Professor Poutziouris: The system of succession in Family Businesses is complicated

The Rector of UCLan Cyprus and Chair of CEDAR, Professor Panikkos Poutziouris pointed out that the system of succession in Cypriot Family Businesses is complicated. During the Family Business Conference held at Hilton Park Hotel in Nicosia, Professor Poutziouris highlighted that a proper system of management should take place in family businesses in order to distinguish the different layers of ownership and management of the family. He also emphasised the notion that the biggest issue deriving from succession in family businesses from generation to generation is ownership.

 

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