Author Description

Applying circular economy principles to family business and wealth stewardship can provide a new approach to underpinning governance frameworks for wealth- and business-owning families. Circularity, in broad terms, means avoiding waste - not only of natural resources, but also of the human resources within families, including family members not directly involved in the family business, but who have a stake in the future and who need to support those in more active roles. Such family members highlight the kind of paradoxes families face - should a family member be channelled into working in the family business or allowed (and encouraged) to pursue their own careers, reflecting their personal interests and aspirations?