Biz families set to replicate Ambani succession plan2 min read 15 Aug 2020, 06:39 AM IST
The council will provide equal representation to all family members of Mukesh Ambani
Businesses would increasingly look at streamlining themselves, pruning subsidiaries and creating family constitutions to ensure business continuity and the involvement of successive generations, say legal experts
MUMBAI : Succession planning at Reliance Industries Ltd (RIL), which is setting up a family council to ensure a smooth handover of India’s most valuable company to the next generation, will likely set the stage for similar structures in multigenerational family-run businesses in India, said legal experts.
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