Management guru Peter Drucker gave us “what gets measured gets managed” (for better or worse). Governments bombard us daily with COVID-related statistics, but many of them are measuring the wrong things. The most common statistic is “new cases per day”, but that has serious deficiencies. Firstly, it’s quoted as an absolute number, rather than as a proportion of the population. So in the early days of COVID, the US had huge daily numbers, but as a country…
After the sudden resignation of the president of Collingwood Football Club, Eddie McGuire, David points out the club’s flaws when it comes to governance and leadership. [Medium].
Can we separate the art from the artist? David writes an article where he discussed whether Trump can be added to the list of people from the art world tainted by human flaws. [Medium, Times of Israel].
Why is this state different from all other states? There are no simple answers. We are still in the “fog of war” (albeit slightly less foggy than a few months ago), and we won’t get to the bottom of this for a while yet. We don’t know if the second wave has peaked. We don’t know if there won’t be further waves (here or in other states). The judicial inquiry is barely getting started. We…
With the recent departure of their senior coach, it has been revealed that former Fremantle coach Ross Lyon is a “front and centre” contender for the top role at the Yeshivah Centre. Following years of club turmoil and poor performance, the Yeshivah Centre engaged KPMG to undertake a comprehensive review of operations, and in an unusual move also requested a forensic examination of the club’s game plan over the last forty years. As one director…
David writes about the nature of Jewish belief in God and human leaders, drawing on biblical sources [Times of Israel]
During the month of Elul, our minds turn to Rosh Hashanah, and we reflect on the year which is drawing to a close. We have many different units for measuring time – seconds, minutes, hours, days, months and years – and each serves a different purpose. To paraphrase Marc Levy, if you think a hundredth of a second is a short amount of time, ask the person who won the Olympic silver medal in the…
As the restructure process at Yeshivah Centre inches forward, and we draw closer to elections, the big question is: who will nominate to hold board positions on the new legal entities that will operate the school, shule, and other business units of the Centre? Three new legal entities will require over twenty people to put their hands up. There are a few challenges in taking the leap from where we are now to where we need to be. 1. Despite…
To say it’s been a difficult year for our community would be a gross understatement. The Royal Commission case study exposed us to the world, warts and all. The evidence from victims and their family members confronted us with their pain and suffering. The fallout has ripped our community apart, and opened up the deep rifts that lay festering beneath the surface for years. As we stand at the end of the Jewish year, we can look…
Following the Royal Commission hearing into the Yeshivah Centre in Melbourne, David Werdiger has written several articles. With a lot of the focus on the Jewish law of “mesirah”, David points out that criticism of the AFP’s handling of the Bali Nine is actually the asserting the very same legal principle. “Knowing that a citizen would be subject to a legal system far more severe than our own, the AFP would not hand someone over to that jurisdiction”….
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![COVID Challenges & Opportunities
[Reprinted with permission] Different places around the world continue to deal with the challenges of COVID in different ways. Whether they are experiencing a second wave, or varying degrees of opening up, many of the challenges and opportunities are still present.
Families in business together can move into action more quickly than most corporate entities because they’re more flexible, aren’t focused on the next quarter’s results, and understand the values that have made them successful over generations.
Leaders of family businesses that are effectively managing the crisis are prioritizing governance as an 'essential service' - adapting oversight of the enterprise under conditions of extreme uncertainty to ensure that family owners, board members, and executives remain aligned.
It is not surprising that many multigenerational family businesses are experiencing the pandemic differently from non-family businesses. Surprisingly few had deeper concerns about their survival and well-being as a family business. This is because multigenerational family businesses tend to define success in ways that go beyond short-term profits.
In addition, the pandemic is accentuating the need for UHNW families to have a holistic, fully-integrated family office solution in place. This becomes even more critical when a family owns more complex assets and as the value and complexity of the balance sheet grows.
Actionable Generational Wealth Succession:
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