The Third Layer
The Third Layer
Podcast Description
The Third Layer is a podcast crafted for family-owned business owners and leaders who truly understand the intricacies of navigating a business where family and leadership intersect. Hosted by Marshall Lockton, who has lived the family-owned business experience from various leadership viewpoints, guests share what they’ve learned about what makes family business leaders uniquely able to lead with culture. The podcast zeroes in on the greatest leadership lessons about culture learned throughout the career of a seasoned family business leader. We uncover how that one pivotal insight transformed them and influenced everything they do. We go beyond the first layer and ask the leader to help the audience really understand why the lesson was so important to them and how it applies to different facets of their business(es) and life. Through personal stories and expert reflections, listeners gain practical wisdom and inspiration to lead with impact, create cultures that connect stakeholders, navigate challenges unique to family business, and carry forward the legacy of their family business.
Podcast Insights
Content Themes
Key themes of The Third Layer include leadership development, culture building, personal stories, and legacy creation within family businesses. Episodes feature discussions on critical topics such as the transition of leadership in family business after loss, the significance of purpose-driven leadership, and fostering high-performance cultures, exemplified by episodes like 'Building A Legacy: Leadership In Family Business With Tyler Nottberg' and 'The Heart of a Caregiver with Andy Eby'.
The Third Layer is crafted for family-owned business leaders who understand the intricacies of navigating a business where family and leadership intersect. Host, Marshall Lockton zeroes in on the greatest leadership lessons.
Nike, an esteemed advisor at Northern Trust and a leader within her own Nigerian family enterprise, shares profound insights into the intricate world of family businesses. Her journey began by managing her family office without a “playbook,” a decade she describes as both the most meaningful and challenging of her life. Faced with “drowning in complexity,” Nike spearheaded the creation of a family office, establishing a “control tower” designed around family values and vision to manage diverse businesses and investments. She emphasizes the critical need for rising generation leaders to earn trust through persuasion, consistency, and hard work, especially within elder-dominant cultures. Nike’s narrative powerfully illustrates that structured governance, open communication, and the development of a strong personal identity are not just beneficial, but essential for the enduring performance and successful intergenerational transition of family enterprises. Her advisory work is driven by a purpose to enhance succession and longevity for family businesses globally, acknowledging the universal nature of these challenges across cultures.
Key Themes:
Strategic Evolution of Family Enterprises
Next Generation Leadership Development
Importance of Governance and Communication
Personal Identity and Purpose:
Cross-Cultural Relevance of Family Business Challenges:
Professionalization of Family Wealth Management
Timestamps:
00:35 – Nike’s career journey and role at Northern Trust
01:49 – Family background and her father’s entrepreneurial story
03:29 – Transition from medicine to entrepreneurship
04:37 – Childhood memories and realizing her father’s success
06:16 – Family enterprises within the Nigerian economy
08:04 – Moving to the UK at age nine and cultural adjustment
11:05 – Early career at Deloitte and lessons from tax accounting
12:27 – Returning to Nigeria and founding the family office
18:14 – Challenges convincing her father and evolving governance
21:19 – Establishing family governance: council, committees, communication
25:22 – Working across family businesses and earning trust as next gen
34:26 – Leaving the family business and relocating to the U.S.
38:07 – Building her next-gen advisory career and global perspective
42:00 – Advice for rising generations: self-awareness, coaching, and legacy
Additional Resources:
Nike Anani, Director Next Gen Advisory Services, SVP at Northern Trust
Connect with Marshall on LinkedIn
Follow PeopleForward Network on LinkedIn
Learn more about PeopleForward Network
Disclaimer
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