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February 3, 2015

More than a third of Malaysian family businesses plan to install non-family managers when passing ownership to the next generation, new research has revealed.

More than a third of Malaysian family businesses plan to install non-family managers when passing ownership to the next generation, new research has revealed.

The PwC survey of 50 Malaysian family businesses found that families were increasingly opting to give key operating roles to non-family executives as they thought individuals should be appointed on merit.

January 28, 2015

Almost two-thirds of US family businesses see recruitment of skilled personnel as a major challenge in the next 12 months and are predicting that the issue is likely to hamper growth, new research has revealed.

Almost two-thirds of US family businesses see recruitment of skilled personnel as a major challenge in the next 12 months and are predicting that the issue is likely to hamper growth, new research has revealed.

The PwC survey of 154 mid-sized US family businesses also found that 66% of respondents believe that staffing issues are likely to get worse over the next five years with many investing in training in order retain employees.

November 12, 2014

More than two-thirds of family businesses in south-east Asia have implemented formal succession plans, as senior executives believe they are important for attracting investment, new research claims.

More than two-thirds of family businesses in south-east Asia have implemented formal succession plans, as senior executives believe they are important for attracting investment, new research claims.

November 5, 2014

As the average life expectancy increases, the concept of an executive heading a family business well into their octogenarian years or even beyond is becoming more plausible and more common. So how does a young next-gen convince someone who has built up a family business empire that it is his or her chance to shine?

The world of family businesses is full of stories of the next generation struggling to deal with domineering parents and trying to find the courage to speak out. There’s the very public and long-running spat within Australia’s Rinehart family, which saw Gina Rinehart’s children trying to remove her as trustee of their multi-billion-dollar family trust.

April 15, 2014

The generational gap between baby boomers and millennials involved in family businesses is widening due to megatrends such as climate change and new technologies, according to a PwC survey that assesses next gens’ attitudes to the family business.

The generational gap between baby boomers and millennials involved in family businesses is widening due to megatrends such as climate change and new technologies, according to a PwC survey that assesses next gens’ attitudes to the family business.

September 12, 2013

A technology company walked off with the prize for Family Business of the Year at PwC's UK Private Business of the Year Awards last night.

A technology company walked off with the prize for Family Business of the Year at PwC's UK Private Business of the Year Awards last night.

Midlands-based Rigby Group is one of Europe's largest IT companies, with more than 6000 employees worldwide and reported revenues of €2.7 billion in 2012.

Current chairman and chief executive Sir Peter Rigby founded the company in 1975 and his two sons Steven and James Rigby both hold director's roles.

June 3, 2013

Malta’s minister for the economy, investment and small business has announced the government has started work on a family business act that would be the first of its kind in Europe.

Malta’s minister for the economy, investment and small business has announced the government has started work on a family business act that would be the first of its kind in Europe.

Speaking at the Bank of Valletta-PwC Family Business Forum, Chris Cardona said family-run businesses made up around 75% of the private sector in Malta.

However, he said there had never been legislation designed purely for family businesses.

May 17, 2013

The increasing role of women in executive roles is being heralded as one of the contributing factors to family business success in the Middle East.

The increasing role of women in executive roles is being heralded as one of the contributing factors to family business success in the Middle East, with new PwC figures revealing family businesses in the region are outperforming family businesses globally.

The Global and Middle East Family Business Survey 2012 also said Middle Eastern family businesses had been less affected than their international counterparts by the ongoing global economic situation.

January 9, 2013

US family businesses “have gone from warily eying their next big bet to actively seeking business growth opportunities”, according to PwC.

US family businesses “have gone from warily eying their next big bet to actively seeking business growth opportunities”, according to PwC.

The comments on 7 January came as the group released its US companion report to the PwC Global Family Business Survey. The report found that 93% of US-based respondents felt ready to capitalise on new opportunities in their immediate business environment, compared to 81% of respondents elsewhere in the world.

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