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95% of family businesses fail before the third generation – IFC urges governance reforms

todayFebruary 12, 2026

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Nearly 95 percent of family owned businesses worldwide do not survive beyond the third generation, according to the International Finance Corporation, highlighting persistent governance and succession challenges confronting such enterprises. The statistic has renewed calls for stronger governance structures and deliberate succession planning to safeguard long term sustainability. Many family businesses struggle with leadership transition, […]

Source: www.myjoyonline.com

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