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September 23, 2013

Two thirds of Australian family businesses do not have a succession plan in place despite the majority of family chief executives being over the age of 50 and nearly 20% being over the age of 65, according to a KPMG and Family Business Australia survey.

Two thirds of Australian family businesses do not have a succession plan in place despite the majority of family chief executives being over the age of 50 and nearly 20% being over the age of 65, according to a KPMG and Family Business Australia survey.

Seventy-two per cent of family businesses listed balancing family and business issues as the primary challenge for their family firm, and 67% said maintaining family ownership was a primary concern.

July 26, 2012

The digital natives of Generation Y are starting to work in their families’ businesses. And with their work ethic and understanding of social media, they’re already starting to shake things up.

They were the children born into the final decades of the 20th century. Sometimes branded Generation “me” or Generation “I”, but mostly known as Generation “Y”, they’re supposedly tech-savvy and globally focused, but also arrogant, with short attention spans, and expect to be able to have it “all” when it comes to family and work-life balance.

May 31, 2012

Family businesses are the bedrock of Canada’s strong economy, but many are “overwhelmed” by succession and governance challenges. 

Family businesses are the bedrock of Canada’s strong economy, but many are “overwhelmed” by succession and governance challenges.

August 18, 2011

Family business owners looking to pass on the business to the next-generation are concerned about their ability to handle operations, according to research by Family Business Australia and KPMG.

Family business owners looking to pass on the business to the next-generation are concerned about their ability to handle operations, according to research by Family Business Australia and KPMG.

The report, which surveyed around 700 family businesses in Australia, found almost 60% willing to sell the company if approached by a genuine buyer due to concerns about their successor’s capabilities and qualities to take over the helm.

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