Family businesses are unique in that transitioning them to the next generation is a complex, often deeply emotional, endeavour. How do you prepare for a generational business that is resilient, while keeping the legacy you have built intact? Building capacity in the next generation needs to begin early on, and you may also need to consider that your family heirs may have neither the skills nor desire, to be part of your succession plan. In this session panelists will share their unique tools and perspectives so that you can successfully plan for your own family business transition.

You will learn:

• What measures do you need to be taking to professionalize your family owned and operated firm?
• How are you supporting a shift in leadership?
• How do you ensure you have the right governance in place?
• How do you assess the need for outside non-family executives if your family successors aren’t the right fit
• Strategies and tactics to deal with the impact this transition will have on your family