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Globally around 80% of businesses are family owned and run. In New Zealand and globally, only 25 to 30% of businesses are successfully transferred to the second generation. Creating a succession plan that works best for all family members involved requires a multi-disciplinary approach. There isn’t a master plan that suits everyone, but rather each client will require their own bespoke approach.

This Forum takes a holistic approach to planning for family business succession by highlighting the issues you need to address, questions you should be asking and the different advisers you should be engaging with.

 Learning Outcomes

  • Gain an increased understanding of ‘Better practice’ for good governance and its role in succession.
  • Learn more about the different aspects of succession and receive practical advice on what you need to do to in order to create an effective exit plan.
  • Gain insights on strategies and suggestions for dealing with the challenges of advising a family business.
  • Receive an introduction to The System’s Theory Model of Family Business.

Who should view?

All lawyers representing owners of small businesses. Accountants, trust lawyers and those involved in estate planning may find this useful. 

Order timeframe

 

Access details will be delivered via email within 15 minutes.

 

Presenters


Dr Deborah Shepherd
Senior Lecturer
University of Auckland

Deb is a Senior Lecturer in Management and International Business at the University of Auckland Business School where she teaches in the area of Entrepreneurship.

Her research and teaching focus is on entrepreneurial family business, entrepreneurial SMEs, entrepreneurial education, and social entrepreneurship. 

Deb is a co-author of the book “Changing gears: How to take your kiwi business from the kitchen table to the board table.”

Deb consults to a number of SMEs and family businesses and currently chairs the board of Pet Doctors Ltd, sits on the advisory board of NZTE’s Better By Design and advises a number of businesses including Furnware, Onguard, Mons Royale, and Forrest Wines.

Darren White
Head of Family Business Services
EY

Darren is a partner in the Auckland office of Ernst & Young and the country leader of EY’s Private Client Services team and Family Business Services.

Darren specialises in providing tax advice to mid-cap listed companies, privately-owned New Zealand businesses and high net worth individuals.

Darren also consults to family businesses and their owners with respect to governance, succession and family office services.


Atul Mehta
Director
Moore Stephens Markhams

With a particular expertise in business advice and taxation, Atul has considerable strength in providing advisory services to the health sector, and in matters of corporate finance, business acquisitions and due diligence.

He also has particular skills in corporate governance and holds company board positions. In 2014, Atul was elected national chairman of the Moore Stephens Markhams New Zealand Limited.

Chair

Catherine Atchison
Partner
Martelli McKegg