Posts tagged "succession"

As the world tracks one of the highest-profile corporate successions in living memory, here are some tips for smaller Australian businesses contemplating their own family member handovers, drawn from the SmartCompany archives.

The average age of a mid-size company owner in Australia is 57–75 years old, and yet over 75% of them don’t have a succession plan.

Is it possible to sell a business in this environment? Are there any buyers out there who aren’t simply 'bottom-feeding'? And what about valuation?

For many baby boomers, retiring will involve selling their businesses. But many Australian entrepreneurs aren't preparing for this inevitability.

Jack Ma intends to retire as the chairman of Alibaba, but he says the company is ready for a changing of the guard.

The skills needed to manage family wealth are very different from the entrepreneurial skills needed to generate wealth in the first place. A…

Today’s family businesses have to clear a lot of hurdles if they want their company to survive in the hands of the next generation. They f…

By Paul Wallbank

 

What happens when your managing director of five years standing announces he’s decided to move on?

This…

One of the critical stories underlying the broad points in the 2015 Intergenerational Report is the burgeoning numbers of SMEs that are chan…

Bernie Brookes has stepped down as the chief executive officer and managing director of Myer after close to nine years in the top job. In a …

David Thodey will step down as chief executive of Telstra in May, handing the baton over to chief financial officer Andrew Penn One of the m…

John Whitbread was a towering and much-loved figure in the Australian insurance industry, and he was certainly that at the business he start…