Succession in a family business is a complex and strategic process that has a significant impact on its future. It affects not just the current leadership and their chosen successor, but also the broader family and business dynamics, often giving rise to family tensions and conflicts. Early planning is critical to ensuring a smooth and successful succession.
The Planning Succession for Family Business short course dives into key aspects of succession planning, including exit strategies, leadership rules and the nurturing of successors to equip you with the knowledge you need to confidently develop and implement your succession plan alongside your advisor or independently. Gain the insights needed to mitigate challenges, resolve potential disputes and promote harmony during this pivotal phase in your family business.
This course provides hands-on tools to help you address the complexities of succession planning and develop a transition strategy that ensures the long-term success and stability of your family business.
Through case studies and facilitated discussions, you will gain actionable insights that will set you on the path to a successful transition.
This is an in-person course and will be held at KPGM, Perth.
Key Learnings:
- Understand the fundamental ground rules for succession.
- Learn how to identify and nurture potential successors.
- Address the key challenges of succession and implement strategies to manage them.
- Explore leadership and ownership transition models, including sale and succession.
- Develop intergenerational dialogue to ensure a smooth transition.
- Create an actionable plan to move from knowledge to implementation.
Who Should Attend?
- Current and future leaders and managers of the family business.
- Non-family executives and key stakeholders involved in the transition process.
Course Structure
FBA Courses operate under Chatham House Rules, allowing participants and facilitators to share their experiences and insights freely.
Facilitator
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Agnes Vecca |
Agnes has over 30 years of experience in providing specialist succession and estate planning advisory and compliance services to family-owned businesses in Western Australia, in a diverse range of industries. Agnes works with family business owners, their finance teams and managers to develop strategies and implement restructures to ensure their businesses are operating in optimal business structures to facilitate business growth, future exit strategies and tax effectiveness. Agnes also specialises in facilitating the development of goal focused business strategies including business transition, finance and reporting process improvement, cash-flow forecasting, budgeting, sensitivity analysis, business planning and finance proposals. Agnes is a Fellow of the Aus. Institute of Chartered Accountants, holds a Bachelor of Business (Acc.) and a Graduate Diploma, Financial Planning, ASIA as well as being a Registered Tax Agent.
KPMG is a professional services firm with global reach, and deep expertise in audit and assurance, tax and advisory and in the family business sector.
