It’s imperative to approach succession with forethought, and create a clear succession plan ahead of time that can be implemented when the time arises.
Governance codes for family enterprises serve as an instrument or checklist that allows owners to organize their family business governance.
The Welk Company started in 1964 with the famous television band leader Lawrence Welk going on a road trip to San Diego, meaning to invest in an orange grove, and coming back with a motel on a nine-hole golf course.
The ‘family office’ is often the administrative vehicle used by a family which looks to manage the transformation of its capital into a pool of investments.
KPMG UK Partner, Mike Walker, discusses the transition from the family business to the family office.
Conflict is inevitable in families, and more so in families that live, work, and control assets together. Nevertheless, the very success of a multigenerational family-owned company is evidence of historic good management and the family’s relationship with the business, even if problems or crises later ensure.
Investing in a family business can be fraught with risks and obstacles, and outside investors sometimes shy away from being the first to take the plunge when it comes to investing in a family firm.
KPMG Family Business Think Tank
KPMG Global News
Big changes ahead for banks’ accounts as new standard on bad debts completes response to the financi [...]
Research finds over half of business leaders place digital strategy and data analytics high on their [...]
Pharmaceutical and life sciences companies may have turned a corner in their efforts to get more fro [...]