Baltic Family Firm Institute

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✨ Introducing the new BFFI Champion Award Categories 2026 — celebrating Baltic family businesses that innovate, lead, gr...
21/05/2026

✨ Introducing the new BFFI Champion Award Categories 2026 — celebrating Baltic family businesses that innovate, lead, grow, and create lasting impact.

This year’s awards highlight the many faces of successful family entrepreneurship:

✅ Innovation & Transformation Award
For businesses driving modernization through innovation, digitalization, and strategic change.

✅ Brand & Storytelling Award
For companies sharing authentic family business stories and building inspiring brands.

✅ Community Impact Award
For businesses creating meaningful social and environmental impact in their communities.

✅ Growth Story Award
For outstanding business growth, expansion, and international success.

✅ Next Generation Leadership Award
For rising family business leaders shaping the future with vision and innovation.

🏆 Distinguished Family Business of the Year (special award by SIGNET BANK)
Honoring overall excellence in leadership, values, governance, innovation, and long-term impact.

Family businesses are the backbone of resilient and sustainable economies. Through these awards, we celebrate the people and stories shaping the future of family entrepreneurship across the Baltics.

👉 Stay tuned as we announce 2026 nominees soon!

Strong ideas grow through collaboration, discussion, and international exchange.Ahead of the 4th BFFI – ECGI Conference ...
19/05/2026

Strong ideas grow through collaboration, discussion, and international exchange.

Ahead of the 4th BFFI – ECGI Conference on June15 - 16, we are pleased to welcome participants of the Pre-Conference Paper Development Workshop — bringing together researchers and academics from across Europe to discuss and develop new research in the field of family business, governance, and succession.

This year’s workshop participants include:

• Beata Żukowska — Maria Curie-Skłodowska University, Lublin
• Ada Domańska — Maria Curie-Skłodowska University, Lublin
• Robert Z. — Foundation of the Polish Academy of Sciences in Lublin
• Samantha L. King — Independent Researcher
• Cem Veziroglu — Koç University Faculty of Law

The workshop creates space for feedback, academic exchange, and the development of new perspectives on the challenges and opportunities facing family enterprises today.

At BFFI, we believe that meaningful dialogue between research and practice is essential for building stronger, more sustainable family businesses across generations.

Register here: https://www.ecgi.global/events/steering-the-legacy-governance-and-succession-in-family-enterprises

We are delighted to welcome a new member to the BFFI community — Ausra Bijaminiene, Founder & CEO of Boutique Institute ...
14/05/2026

We are delighted to welcome a new member to the BFFI community — Ausra Bijaminiene, Founder & CEO of Boutique Institute of Leadership. 🌎

Ausra Bijaminiene is the Founder and CEO of Boutique Institute of Leadership and a trusted advisor and leadership mentor to CEOs, C-suite executives, and family business leaders navigating growth, succession, reinvention, and high-stakes leadership transitions. She is known for work that goes far beyond surface-level development - creating deep, lasting transformation that reshapes how leaders think, decide, and lead.

With more than 25 years of international leadership experience, Ausra has guided executives across industries and countries through some of the most demanding moments of their professional lives. She also works closely with CEO and C-suite succession, supporting leaders and organisations through complex transitions.

A US-certified Executive and Career Coach, Hogan Assessment certified practitioner, and Top 100 Global Women Mentor, she combines strategic insight with profound human understanding, helping leaders strengthen not only performance, but inner clarity, resilience, and self-leadership.

Her work is grounded in one belief: sustainable leadership begins with mastering oneself. Through high-level 1:1 mentorship and signature self-leadership programs, she helps leaders reconnect with what drives them, lead with greater presence and conviction, and make decisions aligned with both ambition and values.

A connector by mission, Ausra connects people to people, people to opportunities, and people to themselves. Her clients do not come to her for quick fixes. They come for legacy-level change that stays with them long after the work is done.

Based between Lithuania and Spain, working globally.

Her work reflects the values we deeply believe in at BFFI - sustainable leadership, long-term thinking, and meaningful human connection. We look forward to learning from Ausra’s experience and welcoming her into our growing family business network. ✨

Only a month left until the 4th Baltic Family Firm Institute – ECGI Conference on Steering the Legacy: Governance and Su...
12/05/2026

Only a month left until the 4th Baltic Family Firm Institute – ECGI Conference on Steering the Legacy: Governance and Succession in Family Enterprises!

📍 Tallinn, Estonia
📅 June 15–16, 2026

Join family business owners, next-generation leaders, advisors, and academics for two days of meaningful conversations, practical insights, and valuable connections focused on the future of family enterprises. 🌍

This year’s conference will explore the governance topics shaping long-term success — from succession planning and leadership to board dynamics, family offices, and sustaining harmony across generations.

Seats are limited — save your seat today! 🎟️

Register here: https://www.ecgi.global/events/steering-the-legacy-governance-and-succession-in-family-enterprises

08/05/2026

Innovation, growth, and governance are increasingly interconnected in modern family enterprises.

At the 4th BFFI – ECGI Conference on June 15-16, the academic track explores how family firms navigate growth opportunities while preserving long-term control and stability.

The sessions include:

• Family Roots, Startup Wings: Balancing Control and Growth in Family Startups Seeking VC Financing
Speaker: Valerio Pelucco (LUISS Guido Carli University)
Discussant: Himal Gautam (BI Norwegian Business School)

• Risk Exposed, Fees Adjusted: Family Firms and Audit Fees after Expanding Audit Reporting
Speaker: Halit Gonenc (University of Groningen)
Discussant: Morten Bennedsen (University of Copenhagen)

Moderated by Krista Jaakson (Tartu University), these discussions bring together research on financing, governance, transparency, and risk management in family businesses operating in increasingly complex environments.

👉 Join us to explore how family firms can balance entrepreneurial ambition with long-term continuity: https://www.ecgi.global/events/steering-the-legacy-governance-and-succession-in-family-enterprises

There is one conversation almost every family business owner postpones. And it is the one that decides whether the busin...
07/05/2026

There is one conversation almost every family business owner postpones. And it is the one that decides whether the business survives them.

72% of family business owners want the business to stay in the family. Only 34% have a formal succession plan written down.

That is the single largest gap in family business research. The reasons are human and understandable:

• Writing the plan forces you to say the quiet parts out loud.
• Naming a successor means not naming the others.
• Setting a timeline means accepting there is a finish line.

So the plan stays in the founder's head. And then, one day, the plan is needed - but the founder isn't there to explain it.

That is why our community exists. The BFFI is a safe space to have the conversations that matter most - with people who understand the dynamics of working with family, and have been there themselves.

👉 Turn the plan in your head into something you can share. Join the community: https://bffi.global/club

06/05/2026

Preparing for the future of a family business means making thoughtful decisions today.

At the 4th BFFI – ECGI Conference on June 15-16, the practitioner workshops focus on one of the most critical questions for family enterprises: how to navigate generational change while preserving both value and vision.

The sessions bring together experienced advisors and family business leaders to explore:

• Keeping Baltic Capital at Home: Pathways for Wealth Retention
Roundtable with Roberts Idelsons (Signet Bank) and Modestas Plakys (Gausus Family Office)

• Prepare your business for generational change
Jurgita Karvelė & Hanna Esko (Sorainen)

• From Founder’s Intuition to Structured Governance
Alice Salumets (RODL)

• To Involve or Not to Involve the Next Generation
Peggy Björkenheim (Berner, G4), Ilona Baumane-Vītoliņa & Šarūnas Dubyris (AIMS International), Jurijs Kolgorejevs (Polipak Group, G2)

Moderated by Niklāvs Macko (BFFI), these sessions offer practical perspectives on governance, succession, and the realities of transitioning leadership across generations.

👉 Join us to learn how family businesses can prepare, adapt, and grow: https://www.ecgi.global/events/steering-the-legacy-governance-and-succession-in-family-enterprises

30/04/2026

Understanding family businesses requires looking beyond structure — into people, decisions, and evolving family dynamics.

At the 4th BFFI – ECGI Conference on June 15-16, the academic track explores key questions shaping modern family enterprises:

• The Talent Gap in Family Firms
Speaker: Morten Bennedsen (University of Copenhagen)
Discussant: Benjamin Maury (Hanken)

• A Sensible Cost of Capital in Small Businesses
Speaker: Piet Sercu (KU Leuven)
Discussant: Bogdan Stacescu (BI Norwegian Business School)

• Legacy Creation in Modern Business Families: Patchwork and Multi-Parent Constellations
Speaker: Tobias Köllner (Witten-Herdecke University)
Discussant: Beata Żukowska (Maria Curie-Skłodowska University)

Moderated by Valerija Kozlova (SSE Riga, BFFI), these sessions bring forward research-driven insights into talent, finance, and the evolving nature of family structures in business.

👉 Join us to connect academic thinking with the real challenges of building sustainable, multi-generational enterprises: https://www.ecgi.global/events/steering-the-legacy-governance-and-succession-in-family-enterprises

28/04/2026

Governance in family businesses is not just about structure — it is about navigating complexity, relationships, and long-term value.

At the 4th BFFI – ECGI Conference on June 15-16, the practitioner track brings together experienced professionals to explore real-world challenges and solutions:

• When Family Dynamics Meet Business Risk: Governance That Protects Value
Roundtable moderated by Edvards Grasis (KPMG, Latvia)

• Stewardship Over Performance: Governing for Sustainable, Multi-Generational Growth
Session by P**l E. Karstensen (SEB)

• Paint the Invisible: Expanding Attention and Creative Agency in Family Businesses through Multisensory Practice
Session by Kaie Metsla (Board Member, Edmund Burke Society; Aldous Huxley Centre)

Moderated by Raivis Leimanis (Leimanis), these sessions offer practical perspectives on how family businesses can strengthen governance, manage risk, and build resilience across generations.

👉 Join us to learn from practitioners working at the intersection of family, business, and long-term continuity: https://www.ecgi.global/events/steering-the-legacy-governance-and-succession-in-family-enterprises

23/04/2026

Strong governance and successful succession start with asking the right questions — and grounding them in research.

At the 4th BFFI – ECGI Conference on June 15-16, the academic track brings together leading scholars to explore key dynamics shaping family enterprises:

• Underperformance in Family Succession: The Role of Outside Work Experience
Speaker: Charlotte Ostergaard (Copenhagen Business School, Department of Finance)
Discussant: Fabian Bernhard (EDHEC Business School)

• Nepotism or Stewardship? Successor CEOs and Firm Performance
Speaker: Oskar Kowalewski (IESEG School of Management)
Discussant: Janis Berzins (BI Norwegian Business School)

• Determinants of CEO Succession Decisions in Family Firms
Speaker: Marc Goergen (IE Business School)
Discussant: Renee Adams (University of Oxford)

Moderated by Valdone Darskuviene (ISM University of Economics and Management, BFFI), these sessions connect academic insight with real-world challenges faced by family businesses today.

👉 Join us to explore the research behind the decisions that shape long-term success across generations: https://www.ecgi.global/events/steering-the-legacy-governance-and-succession-in-family-enterprises

We are excited to welcome Daina Palmbaha Džiguna as the new Executive Director of the Baltic Family Firm Institute!As BF...
22/04/2026

We are excited to welcome Daina Palmbaha Džiguna as the new Executive Director of the Baltic Family Firm Institute!

As BFFI continues to grow, Daina will help lead our next phase — strengthening the Baltic family business community, building meaningful partnerships, and supporting long-term continuity across generations.

As Daina notes:
" Family businesses have always held a special place in my heart.
There is something deeply admirable about those who build something from scratch — and even more so about those who carry it forward across generations. And I truly believe that with the right support, the right community, and the right conversations — around succession, expectations, and the questions that matter most — family businesses can not only avoid the pitfalls but grow stronger through them.
That is exactly why I joined the Baltic Family Firm Institute.
Family businesses are at the heart of our economy — and they deserve a strong community behind them. One that offers knowledge, advisory, and genuine understanding of the world family business owners live in."

We are very happy to have her on board and look forward to what we will build together 💙

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Strēlnieku Iela 4A
Riga
LV-1010

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