How important are CEOs to investors and firm performance, and how do firms manage succession challenges? These questions remain key to stock market performance as an extraordinary generation of Asian CEOs and family business owners age, raising uncomfortable questions about succession and intergenerational wealth management.
Across Asia, the CEOs and family heads of the largest businesses are coming of age. These business leaders have overcome many formidable challenges in building some of the most successful businesses in the world. Succession planning is the final challenge – one that, without sufficient preparation, can threaten their entire legacy and result in deteriorating firm performance.
The HKUST-NYU Stern Master of Science in Global Finance (MSGF) program and CFA Society Korea are co-hosting a finance seminar on March 12 in Seoul.
In this seminar, Professor Kasper Meisner Nielsen will address the succession challenges facing Asian businesses, provide a roadmap for overcoming these challenges, and highlight important lessons from past successions. The talk will also feature an overview of recent research on the value of the CEO and how investors in financial markets actively bet on CEOs.
Outline of talk:
The Value of CEOs and how investors actively bet on CEOs
How important are CEOs for firm performance?
Are investors actively betting on the CEO?
The succession challenge
An extraordinary generation of CEOs and family business owners age
Why is the current succession challenge unprecedented?
What is the economic magnitude of the succession challenge?
Despite their success there is a general lack of succession planning
Why succession planning is important
Lessons from key-personal risks
Lessons from family successions
Why is succession planning difficult
What are the barriers to succession planning?
A road map to successful succession planning
How can we encourage and help succession planning?
How can we help CEOs and families overcome the barriers to succession planning?
Lessons from successful and unsuccessful successions
The MSGF Admissions team will be onsite before and after the seminar, providing a valuable opportunity for you to ask questions about the program and seek guidance on your application.
Speaker: Professor Kasper Meisner Nielsen,
Professor of Finance at Copenhagen Business School and adjunct professor at HKUST Business School
Date & Time: 6:30 pm-8:30 pm, March 12, 2025
Event location: Dream Hall (23rd floor), Kyobo Tower, Gangnam, Seoul.
Event registration has closed.
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