This educational program, developed jointly by Desjardins Securities
Private Counsel Group and HEC Montréal, covers many issues facing
families in business
MONTREAL, June 9 /CNW Telbec/ - Desjardins Securities' Private Counsel
Group (DS' PCG) in collaboration with HEC Montréal, is pleased to announce the
introduction of an educational program designed specifically for
entrepreneurial families. This is the first French language program of its
kind available in Canada.
"For many years we have been working closely with entrepreneurial
families and have observed a great need for training among this client group,
which faces numerous challenges that go well beyond those of a financial
nature. This is why we decided to team up with HEC Montréal to create the
educational program 'From Operating Company to Investment Corporation:
Successfully Making the Transition' " explained Mr. Mark Auger, Vice-President
and Portfolio Manager at DS' PCG.
"This partnership has enabled HEC Montréal to contribute its expertise in
the fields of entrepreneurship, business succession planning and family
businesses. Jointly carrying out this project enables us to offer innovative
content and active learning instruction that meets the expectations of
participants from entrepreneurial families, said Mr. Réal Jacob, Professor,
Director of Business Transfer and Executive Education, HEC Montréal.
This seminar covers the various challenges involved with managing
significant family capital, particularly when transferring a company from its
founder to a new generation. Desjardins Securities' Private Counsel Group and
HEC Montréal have chosen to take a strategic and integrated approach, allowing
participants to understand the organizational and intergenerational issues for
families as they transform into a family business via an investment company.
Included among the various subjects covered in this educational program
are: changing status from a family business to that of a family in business;
governance processes; investment management; behaviour, communication and
consensus-seeking for families in business; and identification and resolution
of potential intrafamily and interprofessional conflicts.
"In Quebec, SMEs account for a high number of jobs and a great deal of
economic activity. In the years to come, we will see more and more family
companies facing complex issues, especially with regard to the retirement of
their founding leaders. Due to the general aging of the population, within 10
years about 70 % of Quebec SMEs will have changed hands. It is vital to the
future of these companies and for the Quebec economy that this massive
transfer of businesses be carried out efficiently and harmoniously. We believe
our new educational program could, over the long-term, contribute to achieving
this objective," said Mr. Carlo Massicolli, Vice-President, Business
Development at DS' PCG.
This new educational program was given for the first time on May 1st and
2nd at HEC Montréal to about 20 participants.
To learn more, you may contact the Private Counsel Group or consult HEC
Montréal's website at the following address:
About Desjardins Securities' Private Counsel Group
Desjardins Securities Private Counsel Group, a division of Desjardins
Securities, plays a role comparable to a Chief Financial Officer for business
families. DS' PCG is made up of a dedicated team of professionals who oversee,
implement, follow and maintain financial strategies retained for families in
Desjardins Securities, a member of CIPF, is the brokerage arm of
Desjardins Group - the largest cooperative financial group in Canada.
Desjardins Securities, which manages more than $16 billion in assets has 46
brokerage offices in Quebec and Ontario. The firm employs more than 1,100
people who serve retail clients, companies and institutions.
For further information:
For further information: Mark Auger, Vice-President, Portfolio Manager,
Desjardins Securities' Private Counsel Group, (514) 985-4050, 1-888-985-4050;
Frédéric Tremblay, (514) 658-8033; Source: Desjardins Securities' Private