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2016 Vic Family Business Day

Published on 16 Aug 2016 | Took place at Fenix Events, Richmond, VIC

This event covered the following topics:

  • how family businesses differ from other businesses
  • family governance – best practice
  • remuneration
  • threats to family business
  • small business perspective
  • succession planning strategies
  • exit strategies.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Introduction: How family businesses differ from other businesses

Author(s):  Dan Simmonds

This paper covers:

  • what is a family business?
  • the statistics
  • the system of a family business
  • the context of the family business system
  • the family business system – where are decisions made?
  • understanding the family business culture
  • business family life cycle stages.
Materials from this session:

Threats to family business

Author(s):  Dan Simmonds

This paper covers:

  • what does the research show are the major threats to family business?
  • identifying and managing conflict including sibling rivalry
  • separation from spouse or partner
  • special issues arising under discretionary trusts, bankruptcy and the Family Law Act – asset protection and succession
  • who should be in control of companies?
Materials from this session:

Why 70% of wealth transfers fail – A roadmap for managing family wealth across generations

Author(s):  Brad Simmons

This paper covers:

  • the great wealth transfer
  • why 70% of wealth transfers fail
  • a roadmap for managing family wealth across generations
  • case study.
Materials from this session:

Small business perspective

Author(s):  Graeme WHITE

This paper covers:

  • characteristics of the small family business
  • communication.
Materials from this session:

Family business and remuneration

Author(s):  Josh Day

This presentation covers:

  • long term incentive considerations
  • market practice ASX 100
  • long term incentive alternatives
  • comparison of plans.
Materials from this session:

Family governance

Author(s):  Elise Elliott

This presentation covers:

  • family dynamics and governance
  • succession – business and family challenges and best practice
  • a typical family governance structure
  • role of the family board.
Materials from this session: