PANORAMA GLOBAL SURVEY 2025

Widening the governance lens: a new horizon for family businesses

Family businesses generate an estimated 70–80% of global GDP and employ 60% of the global workforce, yet many continue to grapple with governance structures that may not be fit for future challenges. Panorama's 2025 Global Survey, which gathered insights from 110 senior leaders across India, the UK, Europe, North America, and Latin America, takes an in-depth look at the state of governance, board development, and succession planning across family-owned organisations worldwide.


The research reveals that while 89% of respondents have some form of formal governance in place, 63% believe they are only partially prepared for the future. Key themes include the growing pressure to professionalise leadership, the reluctance in some regions to formalise board structures, and the increasing demand for external talent at board and C-suite level. With AI and digitalisation identified as the greatest external disruptors, and generational transition flagged as a critical internal challenge, the survey makes clear that governance maturity is no longer optional – it is a defining factor in long-term resilience.


Read the full report to explore the regional differences, key takeaways, and strategic considerations that could help shape the future of your family business.

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