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BOARDS deciphers the fundamental concepts: a closer look at monistic governance Returning to the fundamentals—a clear definition, operational challenges, and critical analysis—helps guide the decisions...
In Luxembourg, the non-profit sector has steadily gained prominence, championing causes ranging from social inclusion to environmental sustainability. Yet, behind every impactful initiative lies the...
On March 29, 2024, the CSSF introduced Circular 24/856 to enhance investor protection regarding net asset value (NAV) calculation errors and compliance issues at Undertakings...
The AML package consists of three legislative instruments: • The EU Single Rulebook Regulation (AMLR) • The Anti-Money Laundering Authority Regulation (AMLAR) • The sixth...
The Luxembourg Business Register (LBR) is introducing a new requirement applicable to all Luxembourg entities, with a specific focus on natural persons listed in their...
Luxembourg's financial sector was rocked by the Caritas affair, marked by an unprecedented embezzlement within this leading charitable organization. This scandal, involving €60 million, revealed...
strategy governance
Succession planning in a family business is a crucial step to ensure the continuity of the business across generations. A well-structured succession plan not only...
strategy governance
Corporate governance in a family business face multiple challenges, from the lack of independence to succession planning, among others. Here is a non-exhaustive list of...
strategy governance
Family governance plays a crucial role in the longevity and success of family businesses. It concerns the organisation and management mechanisms within the entrepreneurial family,...
strategy governance
The Board of Directors (BoD) in a family business plays a crucial role in the governance and sustainability of the business. Unlike non-family businesses, the...
strategy governance
The family charter, also known as the family constitution or family protocol, is a fundamental document for ensuring the long-term future of family businesses. By...
LBR - or Luxembourg Business Registers - is an economic interest grouping established by the State, the Chamber of Commerce (Chambre de Commerce) and the...
The Commissariat aux Assurances (CAA), a public institution under the authority of the Minister of Finance, is the official regulatory and supervisory authority for the...
The Commission de Surveillance du Secteur Financier, or CSSF, is the supervisory authority for professionals and products in the Luxembourg financial sector (not to be...