Ambani wants to ensure his legacy endures through his three children —Isha, Akash and Anant. And he well knows the pitfalls of not having a clear plan for who gets to run what. In October 2014, Akash and Isha Ambani joined the boards Jio Infocomm and Reliance Retail as directors. With Anant Ambani, the three siblings are in the board of Jio as additional directors. Isha Ambani is also a director at Reliance Foundation Institution of Education and Research, which is setting up the Jio Institute.-From Economic Times
This is the biggest challenge for family run businesses. They can avoid but cannot eliminate the risk of failure as they have to find the ‘Best person to run the company from within the family’ instead of ‘Best Person to run the company’.
So far 50% of Reliance Industries founded by Dhirubhai is doing very good.