The ISB Governing Board

*Anil Ambani

Chairman and Managing Director

Reliance Energy Limited

Uday Khemka

Director
SUN Group of Companies

Teh Kok Peng

President
GIC Special Investments Pte Limited

*Rahul Bajaj

Chairman
Bajaj Auto Limited

Vinod Khosla

General Partner
Kleiner Perkins Caufield & Byers

M Rammohan Rao

Dean
Indian School of Business

Bernard Arnault

Chairman and CEO

LVMH

*Uday Kotak

*Girish Reddy

Founder
Prisma Capital Partners LP

Manvinder S Banga

President - Foods
Unilever N V

Executive Vice Chairman &

Managing Director
Kotak Mahindra Bank Limited

Arun Sarin

Bon-Moo Koo

Chief Executive
VODAFONE Group PLC

President and CEO

GE India

Chairman
LG Chemical Ltd./LG Electronics Inc.

James Schiro

*Anil Kumar

Chief Executive Officer

Zurich Financial Services

Chairman and CEO

Bechtel Group, Inc.

Director
McKinsey & Company, Inc.

Jurgen Schrempp

Sanjay Kumar

Former Chairman
Daimler-Chrysler

Chairman
Hang Lung Development Company

Former President and CEO

Computer Associates International, Inc.

Ajay Shah

Arjun Malhotra

Founder and CEO

Shah Capital Partners

Chairman
The Chatterjee Group

Chairman and CEO

Headstrong Corporation

*Harish Manwani

President, Asia & Africa,

Unilever and Chairman,
Hindustan Lever Limited

*Analjit Singh

Chairman
Max India Limited

Aman Mehta

Former Chief Executive Officer

HSBC Limited

Charles Miller Smith

Chairman
Scottish Power PLC

Victor Menezes

Former Senior Vice Chairman

Citigroup

*Pramath Raj Sinha

Heinz-Werner Meier

Directoire
Aventis SA

Founding Dean, ISB and

Managing Director & CEO
ABP Private Limited

*Mallika Srinivasan

*Lakshmi Mittal

Chairman and CEO

Mittal Steel Company

Director
Tractor and Farm
Equipment Limited

Scott Bayman
Riley Bechtel
Ronnie Chan

*Purnendu Chatterjee
Keki Dadiseth

Director, HPC Division

Unilever PLC

Michael S Dell

Chairman of the Board

Dell Inc.

*Yogesh Deveshwar

Chairman
ITC Limited

Juergen Fitschen

Member, Group Executive

Committee
Deutsche Bank AG

*Kiran Mazumdar - Shaw Chairman & Managing Director

Biocon India Limited

*Adi Godrej

Chairman
The Godrej Group

Yoshihiko Miyauchi

CEO and Chairman

iPolicy Networks

Chairman and CEO

Orix Corporation

Martin Sorrell

Prabhu Goel

Chief Executive Officer

WPP Group PLC

Mark Moody-Stuart

Director
HSBC Holdings PLC

Sanjay Subhedar

General Partner
Storm Ventures

Managing Director
Hero Corporate Services Limited

Rana Talwar

Chairman
Sabre Capital Worldwide

Chairman and CEO

British Sky Broadcasting

Laura Tyson

Dean
London Business School

Daniel Vasella

Chairman and CEO

Novartis International AG

*Rajat Gupta

Chairman, ISB and Sr Partner Worldwide

McKinsey & Company, Inc.
*Sunil Kant Munjal

Vinita Gupta

Founder
Quick Eagle Networks

James Murdoch

Vinod Gupta

Founder and CEO

InfoUSA, Inc.

*N R Narayana Murthy Chairman and Chief Mentor

Patrick Harker

Dean
The Wharton School

*Shiv Nadar

Dean
INSEAD

Chairman
HCL Technologies

Romesh Wadhwani

Gabriel Hawawini

CEO and Managing Partner

Symphony Technology Group

Vikram S Pandit

Former Co-President and COO,

Institutional Securities Group,
Morgan Stanley

Jacob Wallenberg

Chairman
Skandinaviska Enskilda Banken

Arshad Zakaria

*Deepak Parekh

Chairman
HDFC

President and CEO

New Vernon Capital LLC

Peter Zencke

Henry Paulson, Jr.

Chairman and CEO

The Goldman Sachs Group, Inc.

Executive Board Member

SAP AG

*Rajendra Pawar

Chairman
NIIT Limited

Urs Hoffmann

Managing Director
Credit Suisse Group

Donald Jacobs

Dean Emeritus
Kellogg School of Management

Dipak Jain

Dean
Kellogg School of Management

*K V Kamath

Managing Director and CEO

ICICI Bank Limited

Grooming generation next

Infosys Technologies Limited

* Member of Executive Board

Perpetuating the Family Enterprise

BE A WINNER

Marketing Services Centre for Executive Education Indian School of Business Gachibowli Hyderabad 500 032 INDIA
Tel: +91 40 2300 7041/42 Fax: +91 40 2300 7040 Email: execed@isb.edu

Size - w16 (x) h13.5 (Open Size)

www.isb.edu/execed

October 7 11, 2006

The ISBs aim

is to make you
future ready.
By arming you with
knowledge that will
equip you to stay
competitive in
a global business
environment.
So you can be
one step ahead.

amily businesses today employ half the worlds

workforce and generate more than half of the worlds
gross domestic product. In India, as much as 71% of the
Bombay Stock Exchange capitalisation is contributed by
companies run by families.
In fact, though well-governed family businesses have a
competitive edge in todays turbulent market place, their
needs, problems, and prospects are often not given the
kind of attention they deserve.
This unique programme seeks to bridge the gap. It
examines the special challenges that a family leader faces
in balancing the needs of the business against the
requirements of the family.
More importantly, it examines in great depth the issue of
perpetuity and continuity. The programme discusses
some key issues in running a family business such as
maintaining the profitability of the business in the long
term, and preparing the next generation for taking over
the responsibilities of the family business.
Given the interplay between business and family, many
areas could be sources of potential conflict. The
programme explores best practices, tried and tested for
over 20 years, in proactively dealing with these issues.

Faculty

John Ward
Clinical Professor and Co-Director, Center
for Family Enterprises, Kellogg School of
Management. He teaches and studies strategic
management, business leadership, and family
enterprise continuity.

Programme Overview

Perpetuating the family business

Professionalising the family firm

Strategic planning and the family business

Succession planning

Family business governance

Programme Benefits

Family meetings and business boards

The programme is very specifically designed with

the family business in mind. It will help the
participant take home an objective assessment of
the family business culture. The small group case
discussions will help in understanding how other
family leaders perceive the same issues that
concern the participants business.

Again, the research and cases presented by the

faculty are based on many years of closely
working with family businesses of varying
complexity the world over.

Participant Profile

Leaders of family firms, owners of family firms,

next generation leaders of family firms, spouses,
independent directors, and advisors
to family firms.
We encourage participation of a team of
members from families and businesses to
establish a shared vocabulary and learning
experience.

K Ramachandran
Professor of Entrepreneurship, and Head of
the Wadhwani Centre for Entrepreneurial
Development at the ISB.

His research interests include entrepreneurial

opportunity identification, customer
satisfaction, entrepreneurial leadership, venture
capital, and growth strategies.

The programme also focuses on the difficult task that

Independent Directors face. That of creating value for
the business while conforming to the values of the family.
The programme is very comprehensive, providing
relevant insights through discussion of International and
Asian case studies.

Fee
Venue

INR 1,50,000* or US $ Equivalent

ISB Campus, Hyderabad

The programme starts at 7pm on October 7 and ends at 2pm on October 11.

* Taxes, if any, would be extra.

Size - w16 (x) h13.5 (Open Size)

He is an active researcher, speaker, and

consultant on succession, ownership,
governance, and philanthropy. He is the Wild
Group Professor of Family Business at IMD
(Lausanne, Switzerland), and is a regular visiting
lecturer at Hong Kong University of Science and
Technology, Bocconi University, the Stockholm
School, and IESE.