Topic: Family business

A family business is a commercial organization in which decision-making is influenced by multiple generations of a family—related by blood or marriage.

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Why non-executive directors should be on every family board

Home building tycoon Dennis Family Corporation swear having non-executive directors on the family board was the best decision they made. Here's why your family business should consider it too.

Lessons for every family business on succession planning

Australian family owned businesses have an estimated wealth of $4.3 trillion. We profile 4 successful family businesses and assess how they handled their generational transitions.

2 things every family business needs to maximise long term success

With 3 generations working together, transparency and good governance have become Stillwell Motor Group's bedrock of success. Here's why your family business should follow suit.

The benefits of having an advisory board

Ennio International opted for an advisory board with an international CEO to oversee the family owned meat packaging business.

Interview with BDO’s Susan Rix AM

Succession planning for family businesses can be complex. We asked BDO Partner Susan Rix AM how to get it right when choosing a successor and what are the risks involved.

7 vital tips for SMEs

Peter Switzer and Maureen Jordan, co-founders of the Switzer Group, share their insights after a major health scare tested their succession plan.

How a passion for rugby helped this construction giant succeed

Family values, a public governance mindset and a passion for rugby helped Buildcorp founders Tony and Josephine Sukkar succeed in the construction industry.

Literary Thriller

In the middle of the Global Financial Crisis, Alison Green, Pantera Press CEO, raised a business idea with her father John M Green FAICD, deputy chair of QBE Insurance. The result was a social-purpose...

Rebooting the business

The shutdown of the car industry forced small Geelong manufacturer Austeng to dramatically rethink its operating model.

How customers can help SMEs create reliable innovation opportunities

Business thrives when customers get what they ask for. In part three of his series on innovation, Andrew Klapka GAICD sets out ways SMEs can engage with their customers to jump-start innovation.
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