Every family business needs to start planning for their future leadership.

When you list the corner stones of business success, strategies for succession need to be included. If succession is navigated poorly, the results can have negative long lasting impacts on both the operations of the business and the dynamic of the family. This is why it’s known as one of the greatest challenges associated with running a family business.

Planning Succession for Family Business is a one day, interactive workshop which will provide you with hands on tools necessary to begin establishing a succession plan. Supported by the use of a case study, you will learn the different options for both leadership and ownership transitions. This is an opportunity for current business leaders, future leaders and managers as well as any other parties involved in the transition process to get a head start.

Course outline

• Addressing the two business exit models: sale or succession
• Feasibility, desirability and acceptability of family business succession
• The ground rules for the succession process
• The opportunities and issues presented by ownership succession
• Designing and implementing the leadership transition process and the obstacles to succession planning
• Nurturing and developing potential successors

Key learning

• Understand the fundamental ground rules for leadership succession
• Determine the key challenges of succession and how to manage these successfully
• Identify the personal attributes and characteristics that can assist in identifying successors

Who should attend

• Current and future leaders and managers of the family business
• Non-family executives and other key stakeholders in the transition process

Registration fees GST incl.

Early bird rates closing on Tuesday 19 February 2019.

Governance refers to the structures, systems and processes concerned with ensuring an organisation’s overall direction, effectiveness, supervision (control) and accountability.

Having systems in place for both business and family governance are some of the best ways to ensure the sustainable management and long term success of your family business. This is because formal governance structures assist open communication between family members, reduce internal conflicts, nurture the next generation of leaders, and develop a shared family vision for the future.

In addition, as a member of a family business with a material impact on the direction and strategy of the business, it is important you know your role and meet your legal responsibilities, as you may be as liable as any director on the board.

The Family Business Directors Course is a two day session that establishes the value that a board brings to the business. It will also go over your duties, responsibilities and how to structure a board that is appropriate for the needs of your family business. This course is supported by the use of a case study to drive home the topics covered.

Course outline

• Business governance, the role of the board and how to balance the interests of owners and managers
• An overview of the legal framework in which businesses operate and the legal duties and responsibilities of directors and officers
• The financial and accounting aspects of business governance, and how to measure profitability, liquidity and financial stability
• The role of the board as a whole, and the individual roles of the chairperson, directors and CEO
• An overview of good practice for a board
• Family governance; the structures, roles and processes that help family businesses thrive over generations
• How to integrate family and business governance to best effect

Key learning

• Understand the role a board can play in growing your business
• Understand the unique challenges family business directors face
• Define the core areas of legal responsibilities for directors
• Consider the options for structuring a board of directors to suit your family business

Who should attend

• All members involved in strategically guiding the family business
• Executive and non-executive directors of family businesses
• CEOs and senior managers of family businesses
• Family business shareholders

 Registration fees GST incl.

Early bird rates closing on Monday 26 March, 2018