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Family Business- Finding A Sustainable Mix

When: Monday, Sep 16, 2013, 6:30 PM until 8:45 PM
Where:
City Gate Grill in Calamos Investments building -- Meeting Room at Plaza Level below restaurant
http://www.citygategrill.com
2020 Calamos Court
Naperville, IL  60563
Additional Info:

Contact: Not Selected
Category: Monthly Meeting in Naperville

Registration: Recommended
Payment: Payment In Advance Or At Event
Event Rules: • Select correct registrant category for the lowest appropriate fee.
• No credit cards at door – only cash and checks
• Dress: Business casual.
Cancellation Policy:
Capacity: 0
Available Slots: 0
Registrants & Fees:
RegistrantFeeFee After 9/11/2013
Chicago Booth alum/stud/facult$ 15.00$ 20.00
Entrepreneurial RT Member $ 15.00$ 20.00
General Public$ 20.00$ 25.00
Kellogg School of Management$ 15.00$ 20.00
Restricted: Auth.Event guests No FeeNo Fee

The recent royal baby watch notwithstanding, while the U.S. was a pathfinder in rejecting hereditary monarchy, a potential variant  has been long and widely embraced – family firms here are estimated to range from 70% or more of  all business enterprises. And that extends to the economy’s pinnacle, with 35% of Fortune 500 companies being family controlled. So if a common theme of the American dream is being one’s own boss, how does that get extended across time as a generational inheritance? Or is there validity to the old saying that “family and business do not mix”?

Join us to hear experts who have devoted most of their careers to family business, from a principal who started at his kitchen table to a counselor who has guided thousands of firms worldwide. If your personal experiences also include those blood ties that bind your related contributions to the discussion are most welcome. But in any case, our August audience will be posed to get insights on topics like:

  • Sustaining ongoing engagement with the requisite executive talent for long term success
  • Effective asset sharing and succession planning
  • The dynamics of business vs. family systems and management vs. ownership
  • Processes of communication and conflict resolution

Panelists:


Rattan Khosa, Amsysco

Rattan Khosa, President and CEO of Amsysco who founded his firm in 1981, directs this manufacturer and supplier of post tensioning high strength steel cables and related services for high rise construction together with his son Neel (Corporate Treasurer and VP) and his wife Bharati (Corporate Secretary and Comptroller). A leader of his industry association the Post Tensioning Institute and recipient of its awards for excellence, he is also an educational philanthropist through his family foundation and on the Entrepreneurship Advisory Board for Chicago Booth. Khosa is a registered engineer and earned his BS in Science from the University of Khasmir, BS in Civil Engineering from the University of Rajasthan, MS in Structural Engineering from the University of Maryland, and MBA from the University of Chicago.

 

Drew Mendoza, Family Business Consulting Group

 

Drew Mendoza, Managing Principal of the Family Business Consulting Group, has advised family firms worldwide on succession, strategic planning, compensation, taxation and governance issues for more than two decades. The co-author of Siblings and the Family Business, Drew is a national public speaker and columnist extensively quoted in print and electronic media. He founded the Loyola University Chicago Family Business Center, taught graduate level courses on family business and has served on the Family Firm Institute board. He earned his undergraduate degree cum laude at the State University of New York-Buffalo and graduate degree at the University of Chicago with post-graduate study at Harvard University.