Succession

Apple steps up CEO succession plans as Tim Cook expected to leave next year

Apple is speeding up its plans to choose a new CEO, with a report saying Tim Cook may leave soon; the company wants a smooth transition as it prepares for major events and strong year-end sales

Asia's rich lack succession plans as private wealth nears $99 trn by 2029

Chaotic handovers have the potential to freeze assets in legal disputes, fragment family empires, and destabilise companies that have grown rapidly but lack the governance structures

Rupert Murdoch's eldest son gets control of media empire in $3.3 bn deal

The $3.3 billion settlement ends years of bitter family succession battle, dissolves the old Murdoch trust, and hands Lachlan sole power over Fox Corp and News Corp while siblings take cash exit

What to avoid in a will: Unequal shares, coercion, vague language

All of the above can lead to intra-family disputes; anyone making a will who anticipates acrimony should use of a family settlement to pre-empt it

'Gen Next's preferences lean toward globally diversified portfolio'

While many first-gen entrepreneurs are now more intentional and strategic about succession, the movement from informal conversations to formal planning is still a gradual and ongoing process

China heiress Zong's fight with half-siblings sparks succession debate

In a Hong Kong court, Kelly Zong was asked to help set up 3 trusts worth $2.1 billion for people who identify as her "half brothers and sister" following what they say were her father's directives

Dalai Lama says Trust will decide his reincarnation, rules out China's role

The institution of the Dalai Lama will continue following the traditional procedures carried out by the Gaden Phodrang Trust

Six financial planning tips to help couples build wealth, secure future

Open communication about money, expectations and contributions is key, and a shared vision should guide investment strategies, liquidity management, and succession plans

Consumer protection: Legal heir, not nominee, is beneficiary of policy

The high court held that the Insurance Act, a general law, must yield to the Succession Act, a special law that governs the rights of legal heirs

Noel N Tata, Mehli Mistry to Venu Srinivasan: Who's who in Tata Trusts

In the coming days, Tata Trusts will convene to elect a new chairman to succeed Ratan Tata

Daughters Inc: The unfolding of succession at Indian family businesses

Of the 2,348 companies listed on the National Stock Exchange, 510 have women executive directors

Nisaba Godrej resigns as independent director from VIP Industries board

Godrej Consumer's executive chairperson Nisaba Godrej has resigned as an independent director from the board of luggage and travel accessories maker VIP Industries, citing differences over leadership accountability and succession planning. The resignation of Godrej group scion as an independent director came on June 3, VIP Industries said in a stock exchange filing on Tuesday. Godrej in her resignation letter said: "Due to my differing view on leadership accountability and succession planning, I will be resigning from the Board effective June 3rd, 2024." The board of VIP Industries is led by Dilip Piramal as Chairman of the Rs 2,250-crore company. Nisaba Godrej was reappointed to the board of VIP Industries in April 2021 as an independent director and her term was ending on March 31, 2026. She attended all five meetings held in FY23 and has voluntarily waived off receipt of sitting fees for any meetings attended by her, said the annual report of the company. In her resignation le

Who will be Narendra Modi's successor? Here is the Prime Minister's answer

On PM Modi's succession, Delhi Chief Minister Arvind Kejriwal alleged that the PM has decided to make Amit Shah the Prime Minister of the country

Godrej family begins process to untangle cross-holdings in listed entities

Adi/Nadir family to acquire 20.84% in Godrej Inds from Jamshyd/Smita family, and another 12.65% from RKN Enterprises via block deals

Transfer of baton: New-gen leaders to take the reins as Godrej group splits

Each family may sell the shares it holds personally and/or via trusts to the other family in tax-neutral transactions

Adi-Nadir Godrej family makes open offer to acquire Astec Lifesciences

To acquire 20.84% stake in Godrej Industries from Jamshyd Godrej family

Preserving a brand

Amicable Godrej split has a lot riding on it

RJ Corp succession: Jaipuria's son gets food, daughter education and health

Both the RJ Corp companies, Varun Beverages (VBL) and Devyani International (DIL), are named after the founder Ravi Jaipuria children and are listed companies

Only a successor has claim over shares, not a nominee: Supreme Court

The court said that the succession of these instruments (shares and debentures) will be determined by the deceased's Will or as maintained by succession laws

All about property transfer, insurance ULIPs: Top personal finance stories

This week we explain the difference between a will and gift deed; next we analyse index funds of life insurers