Watch on-demand: Family Business Survey 2021
Grant Thornton and Family Business Australia and Family Business New Zealand’s Family Business Survey 2021 report was released on the 17th of September, and received responses from over 260 family business leaders. The report highlights the importance of good governance, succession planning and being transition-ready, as well as how all of these elements contribute to better financial performance.
In this webinar Robert Powell, National Head of Family Business Consulting, Grant Thornton, and Anne-Marie McNally, Education Manager, Family Business Australia take us through the key findings from the survey. Much of the data was no surprise, though there were some interesting takeaways. For example, sibling rivalry scored very low as a source of conflict, which is interesting when we think about TV shows like Succession dramatising the change in leadership from one generation to another to the next.
We were also joined by Belinda Lyone, co-CEO of Complete Office Supplies who shared her family’s business transition journey. Belinda highlighted the need for a succession plan that the whole business and management is across, not just the family, and the importance of starting conversations about leadership transition early.
