A family into business for generations together has kept their transactions intact. business is a venture not in a way related to anyone. They behave as fellow directors once they enter the boardroom. relationships are at the door. The brother, father, son and uncle exist not in the business centre .it is found greatly in the portals of their own homes. The fights and differences at the personal level do not find a place in the business. They are well without the circle.
This family I quote is a close knit one with three generations into it. They have set their own rules. A member who has turned 65 should retire from business. No active participation is allowed, however much the person is capable or being the only member in a particular branch of the family.The senior most position is given to the person who is the senior in age, mind you less than 65. If a member would turn 65 next year he would occupy the post for a year then automatically go into the pavillion. If there are no members above 60 and the available member is only 45 and the rest are above 65, this person takes yup the mantle. he could remain in the top for another 20 years. A way lucky,as he would have the longest slot, a way unlucky as he has to bear the brunt and responsibility for 20 years. Well, that is the rule and the way they follow it makes me put my finger in my lips and exclaim Hurrah!.
This family also has formulated one more clause. That is the most important. The females of the family are never allowed to participate in the management of the companies. However, they could involve themselves in charities and educational services which the family runs under a trust. The women are thus occupied and their mind does not juggle and frame schemes to overthrow one another.
I admire this family's foresight and idealism. They have gone a long way. They would ,
for sure, if they keep up the rules would reach the slot of excellence in no small terms and time.
This family I quote is a close knit one with three generations into it. They have set their own rules. A member who has turned 65 should retire from business. No active participation is allowed, however much the person is capable or being the only member in a particular branch of the family.The senior most position is given to the person who is the senior in age, mind you less than 65. If a member would turn 65 next year he would occupy the post for a year then automatically go into the pavillion. If there are no members above 60 and the available member is only 45 and the rest are above 65, this person takes yup the mantle. he could remain in the top for another 20 years. A way lucky,as he would have the longest slot, a way unlucky as he has to bear the brunt and responsibility for 20 years. Well, that is the rule and the way they follow it makes me put my finger in my lips and exclaim Hurrah!.
This family also has formulated one more clause. That is the most important. The females of the family are never allowed to participate in the management of the companies. However, they could involve themselves in charities and educational services which the family runs under a trust. The women are thus occupied and their mind does not juggle and frame schemes to overthrow one another.
I admire this family's foresight and idealism. They have gone a long way. They would ,
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