Parallel Sessions: Five, Six, Seven and Eight

Conference Day Two - 4th September

Choose ONE Parallel Session during the 12.15pm - 1.00pm time slot

True Stories - The Best and Worst of Sustaining Family Wealth and Legacy for Future Generations

Brad Scott, EWM Group

 

Sustaining Family Wealth (in whatever form that takes) and preserving a family legacy is often seen as the main objective (or holy grail) for families when they think about transition to the next generation.

 

However, simply by the fact that globally, we know 70% of wealth transfers fail this is clearly an area that is more easily said than done.There are many examples and techniques used to ensure this process is successful and just as many case studies and pitfalls that lead to an unsuccessful transfer.

 

In this session, we will compare, contrast and discuss real life examples of how families successfully (and unsuccessfully) future proofed their family and family business for succession and preservation of wealth (including family legacy) for generations to come.

 

Key takeaways:

  • How to ensure appropriate education, mentoring and training of the next generation to put them on the path to success.

  • How to ensure good communication within families (including spouses).

  • What to do if there is misalignment between the incumbent’s plan and the family’s plan.

Protecting Your Family Business 

Shane O’Reilly, Chair of Queensland Tourism Industry Council and CEO of iconic Queensland Tourism business O’Reilly’s Rainforest Retreat, with Sean Gallagher, Roz Shaw and Paul Harvey from Gallagher,

What could go wrong in your business tomorrow? What impact could it have? Would your business survive?

 

You can’t predict the future. But you need to be prepared for it. Your risk strategy is critical to ensuring the long-term viability and success of your family business.

 

How do you plan for the road ahead and how do you minimise your risks, enabling your business to face its future with confidence?

 

Join Shane O’Reilly, Chair of Queensland Tourism Industry Council and CEO of iconic Queensland Tourism business O’Reilly’s Rainforest Retreat, with Sean Gallagher, Roz Shaw and Paul Harvey from Gallagher, FBA’s National Gold Sponsor, for this interactive and insightful discussion.

 

Key takeaways:

  • Identifying the risks in your family business

  • Understanding ways to manage those risks

  • Ensuring that your business has the right cover for when things go wrong.

 

Shane O'Reilly

Roz Shaw 

Paul Harvey

 

Sean Gallagher

Michael Herron

Does an IPO Lay Ahead for Your Family Business?

Tom Fraczek, Macquarie Group

 

What are the pros and cons of IPOs compared to other exit options in family businesses? Many family business owners will reach a point where they want to take some value out of the enterprise or fund growth by accessing the large pool of public market investors.

The IPO route does not appeal to all family business owners however.

Owners can be reluctant to dilute family ownership and lose control, while the additional demands of running a publically-listed company, including regular reporting requirements and external scrutiny, can be challenging for management teams.

 

Gain a better understanding of:

  • The dynamics of different exit options including the level of required family and business “readiness”.

  • How a family businesses might assess exit options, and how investors may view a family business.

  • Some key benefits and risks for family businesses that are looking at IPO options.

Computer says no

Guy Greenstone, CoOwner Stomping Ground, Cole McInnes, Dealer Principal John Deere, and Frank Versace and Chris Bayliss from Judo Bank

 

Industrialisation, productisation and dehumanisation within the banking system has led to a serious trust deficit with the banks and market failure resulting in a jaw dropping $80bn credit gap. Join Guy Greenstone, CoOwner Stomping Ground, Cole McInnes, Dealer Principal John Deere, and Frank Versace and Chris Bayliss from Judo Bank for an authentic insight into the challenges facing family owned businesses in regards to financing their operations and achieving their goals.

Guy Greenstone

Cole McInnes

Chris Bayliss

Frank Versace

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