Family businesses represent a significant percentage of Australian businesses and are an important contributor to Australia’s economy. Increasingly, family businesses are recognising the business value of good governance structures and processes.
Directors Australia works with a range of family businesses in terms of size and inter-generational ownership.
We understand the need to separate ‘family’ governance from ‘business’ governance and other specific governance issues as they relate to family-owned companies. In particular, we have assisted family-owned companies with:
- Putting in place more formalised governance structures and systems
- Enhancing succession planning
- Augmenting skills and experience through independent advisory and governing boards and directors.