Scott McCulloch Editor in Chief
Australia’s federal government has called for submissions from family businesses so it can better meet the needs of the country’s largest business sector.
There’s no shortage of findings that suggest family businesses have their work cut out in terms of succession planning.
It always boils down to money – disputes that is. You have to feel sorry for family businesses, doubly so for the ones gone public.
Women are gaining a stronger foothold in the senior ranks of businesses. They tend to work more efficiently than men and offer creative solutions to problems. That’s what the studies tell us. So why not push harder for this business solution?
Most family firms have a formal succession plan in place, right? Wrong.
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