No images? Click here
FEATURED ARTICLE
The Fairfax playbook, Part 2: Inside Prem Watsa’s long-term plan for family control and corporate longevity
Throughout his remarkable career, Prem Watsa, founder, chairman and CEO of Fairfax Financial Holdings, has avoided the media spotlight. But in David Thomas’s recently published book, The Fairfax Way: Inside Prem Watsa’s Secret to Lasting Success, Watsa shares in a way he never has before.
Here, in the second of two articles, he tells how he and his family are working to ensure a business legacy for the ages. He and his top executives discuss the company’s plan to retain family control in an ambitious goal to keep Fairfax going for another century—or two.
It was our most popular article of the week.
Where you'll find us
- Check out our homepage for the latest from Canadian Family Offices.
- If you use LinkedIn, our page is here.
Feel free to send us feedback at info@CanadianFamilyOffices.com
MEMBER CONTENT
Governance matters: Deciding on the right structure depends on the family and their goals
‘For us, governance is creating the conditions, so everyone feels they are at their best, individually and collectively’
When and how should we talk to our kids about family wealth? How can we become more intentional about the way we communicate to make decisions together? And how can we prepare the next generation to step in and take the baton? These are perennial concerns for Canada’s dynastic business families, but they are particularly critical today as 60 per cent of family enterprises are expected to transition ownership within the next decade.
Patricia Saputo and Caroline Phaneuf, co-founders of Crysalia, a Montreal-based consulting firm that works with enterprising families and family offices to manage the human side of wealth, are hearing more from families who want to learn how to communicate more and better.
This article is brought to you by PBY Capital.
ATTEND OUR EXPERT PANEL
MORE TOP STORIES
Video: Beyond the Family Business with Luke Hansen-MacDonald
The president of HanMac Capital and host of Beyond the Family Business opens up about his biggest mistakes, challenges and his path to becoming a better business operator. Sponsored by BMO Private Wealth
‘Families must understand what their wealth is meant to support before deciding how to grow it’: Jennifer Curpen
The champion of financial literacy discusses the work of taking on a business legacy and the responsibility of wealth stewardship
RECENT ARTICLES
Canadian venture capital is in a dismal state. Can family offices play a larger role in shoring up the ecosystem?
With dollars invested and the number of deals down, the policy and market environment may be ripe for family offices to deploy more VC capital
Venture philanthropy gives family offices a chance to ‘do something absolutely transformative’
Investors are matched with new technologies that may ultimately generate returns—and save lives
Rubach: Extra support for a family member given now can destabilize future estate plans
Assistance can create resentments and taint future business succession, intergenerational transfers and liquidity events, writes Elke Rubach
Tax web tightens for family offices, in dealings at home and abroad
Hard analysis is needed to keep up with changing rules, obligations and compliance requirements