Family business exit options
Leadership and ownership succession
The MGI Australian Family & Private Business Survey 2010 (The MGI Survey) provided a number of valuable insights into family business continuity, leadership and succession issues, and the suggested ways to address them. Over two thirds of survey respondents indicated that leadership and ownership succession, more particularly 'letting go of control', were among the most critical issues/challenges confronting family businesses. (See Table below)
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Improving the quality of family business decision making
The MGI Australian Family and Private Business Survey 2010 (The MGI Survey) provided a number of valuable insights into the main issues that confront families in business, and the suggested ways to address them. One of these issues is the vexed question of the establishment of Boards of Directors with an independent chairperson and a suitable number of independent directors.
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The Key To Successful Family Business Communication
Over two thirds of the respondents in the MGI Australian Family & Private Business Survey 20101 (The MGI Survey) indicated that the most critical issues/challenges confronting Australian family businesses revolved around two main topics: communication between family members, and leadership and ownership succession, more particularly, letting go of control. (Refer to the table below)
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Family Business Owners Concerned About Their Future Post The Global Financial Crisis
The commercial world in which today's family or privately owned business finds itself is starkly different to the early 1990's when professor Kosmas Smyrnios and his colleagues first commenced these landmark studies.
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