© 2005 kpmg llp, the canadian member firm of kpmg international, a swiss cooperative. all rights...

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© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All Important Family Component Grant Walsh

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© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Planning Managing The Family Component Processes ActivitiesDesired Outcomes Management Succession Ownership Succession Family Communications Family Business Meetings Family Council Meetings Family Business Rules Grooming Successors Management Processes Family Governance Shareholder Agreement Integrated Family Members Assessed Options Informed Decision Making Comfort Levels KPMG’s Centre for Family Business

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Page 1: © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All

© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.

Family Business SuccessionManaging the All Important Family Component

Grant Walsh

Page 2: © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All

© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.

The 3-Circle Model

Page 3: © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All

© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.

Family Business Succession PlanningManaging The Family Component

Processes Activities Desired Outcomes

Management Succession

Ownership Succession

Family Communications

•Family Business Meetings

•Family Council Meetings

•Family Business Rules

Grooming Successors

Management Processes

Family Governance

Shareholder Agreement

• Integrated Family Members

•Assessed Options

• Informed Decision Making

•Comfort Levels

KPMG’s Centre for Family Business

Page 4: © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All

© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.

Page 5: © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All

© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.

Page 6: © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All

© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.

Page 7: © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All

© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.

Page 8: © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All

© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.

Page 9: © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All

© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.

Page 10: © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All

© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.

Page 11: © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All

© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.

Family Business Succession PlanningManaging The Family Component

Processes Activities Desired Outcomes

Management Succession

Ownership Succession

Family Communications

•Family Business Meetings

•Family Council Meetings

•Family Business Rules

Grooming Successors

Management Processes

Family Governance

Shareholder Agreement

• Integrated Family Members

•Assessed Options

• Informed Decision Making

•Comfort Levels

KPMG’s Centre for Family Business

Page 12: © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All

© 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.

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