Who says the family business won't make it to the next generation?
TORONTO, Nov. 5 /CNW/ - Passing on the family business to the next
generation can be tricky and filled with risk if not done properly, according
to Grant Walsh, Director and Co-founder of KPMG's Centre for Family Business.
That's why for the first time this year, KPMG has just released a new book
entitled: Family Business Succession: Managing the All-Important Family
Component. Reporters that cover the small business/entrepreneurial beat may
want to review the book.
The chapters focus on the following hot topics:
- How to Establish Family Business Rules
- Getting the Family Meetings Started - Outside Assistance
- Managing Family disagreements
- Compensation for Family Members
- Grooming Family Managers to be Successors
- Minority Shareholder: Managing Expectations
- Shareholders Agreement
- Governance (Governing the Family Component)
- Board of Directors and Board of Advisers
- Succession Self-Assessment Checklist
Background on the author: Grant Walsh
Mr. Walsh is an active member of CAFE (Canadian Association of Family
Enterprises) and serves on the Board of the CAFE Ottawa Chapter. For the past
ten years, his professional services have been dedicated solely to assisting
family business in working through their management and ownership issues with
a focus on the transition/succession process.
KPMG LLP, a Canadian limited liability partnership established under the
laws of Ontario, is the Canadian member firm affiliated with KPMG
International, a global network of professional firms providing Audit, Tax,
and Advisory services. Member firms operate in 148 countries and have more
than 113,000 professionals working around the world.
The independent member firms of the KPMG network are affiliated with KPMG
International, a Swiss cooperative. Each KPMG firm is a legally distinct and
separate entity, and describes itself as such.
For further information:
For further information: If you're interested in an interview, or to
arrange an article placement, please contact Julie Bannerjea, Senior Manager,
Media Relations, Public Relations, KPMG at (416) 777-3243 or email
firstname.lastname@example.org. We have spokespersons lined up across the country that
would be pleased to assist you with your story.