Passing on the Baton in family businesses: When the family, the business, and the management team connect or collide

Passing on the Baton in family businesses

Course Description: 

Family business continue to form, flourish but also falter and flounder. This life-cycle presents an upside characterised by the creation of wealth, family success and stature and economic and employment opportunity. On the downside it sees value wither away, family bonds erode and the dismay of family members and loyal management and staff who dedicated their life to a quickly vanishing dream.

During this session the speakers, who have worked alongside scores of family businesses, shall share their first hand experiences of succession journeys. These journeys saw them work closely with members of the family owning the business, both those involved in the day to day running of the entity and those outside of such. They also collaborated with members from the management of such family businesses during very delicate times, where a CFO or a General manager could be walking a fine line of confidant or traitor as trust issues abound. This session will explore:

  • How to set the scene and map out what the journey could look like
  • Communication, trust, and tackling taboos… including the insurmountable act of starting the journey
  • Family members: their role in this journey, challenges and ideas to succeed
  • Management: their role in this journey, challenges and ideas to succeed
  • Tax: why it should be an area of focus but not dictate the journey

Target Audience:

This seminar is designed for senior executives responsible for steering the future direction of their family business as well as members from families involved in businesses. It is also highly useful for advisers and trusted confidants called in to support on such a journey.

Learning Outcomes:

This seminar seeks to tackle head on the most challenging but vital aspects of the succession journey of the family business, presenting also an opportunity for participants to field their questions and obtain points of view from the experienced speakers and potentially other delegates facing similar challenges. Some useful tools and tips shall also be shared.

Date: 12/05/2021

Time: 09:00 – 11:45

Venue: Live online session (face-to-face where possible)

Fee: €75

CPE Hours: This course qualifies for 2.5 hours of Structured CPE which can be classified as Professional Competency.  A certificate of attendance will be provided at the end of each session.

Trainers:

David Pace, Partner, Head of Advisory, KPMG Malta

David joined KPMG in 2002 and has worked on numerous advisory assignments, both locally and overseas. He currently heads the firm’s Advisory function, one of the broadest multi-disciplinary teams on the island. Throughout his career he has assisted clients in successfully raising debt and equity finance and in valuing shares and businesses. He is actively involved in numerous business negotiations and has a lead role in the firm’s Merger and Acquisition service offering. He has also participated on vendor and buy-side due diligence assignments for which he has worked within the local and foreign practices of KPMG. His engagement portfolio has led him to work at the heart of strategy within a number of businesses, helping them throughout the process of considering strategic options, articulation of plans and their subsequent implementation and monitoring. David has provided various training sessions on corporate finance, accounting and business related topics to clients and at public seminars. He is an active promoter of entrepreneurship, supports early stage companies, and is a Director on the JAYE Malta Foundation (previously Young Enterprise) Board, of which he was previously Chairperson.

Anthony Pace, Partner, Head of Tax, KPMG Malta

Anthony Pace

Anthony commenced his career in the firm’s audit function in 1990. In 1995 he joined the taxation services department and has since worked in income tax and value added tax. Anthony joined the partnership in January 2003 and he currently heads the firm’s tax function. Anthony has led numerous direct and indirect tax advisory engagements in banking and financial services, gaming, real estate and family businesses. He has also led several tax due diligence engagements. Anthony is a member of the Executive Management Committee at KPMG Malta. He is also a visiting lecturer in taxation at the University of Malta.

 

Kindly note that this session entitles the attendee to KPMG Loyalty Rewards. After collecting 60 Loyalty Rewards, attendees will be entitled to a free CPE session of their choosing. Visit our Loyalty Rewards page to learn more.

Moreover, for every three courses booked from our KPMG Learning Suites, attendees receive a discount voucher of 40% to be redeemed on their next course purchased from any Learning Suite!

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Course Features

  • Guided Learning 2.5 hours
  • Language English
  • Assessments Not Applicable
David Pace

Partner

David joined KPMG in 2002 and has worked on numerous advisory assignments, both locally and overseas. He currently heads the firm’s Advisory function, one of the broadest multi-disciplinary teams on the island. Throughout his career he has assisted clients in successfully raising debt and equity finance and in valuing shares and businesses. He is actively involved in numerous business negotiations and has a lead role in the firm’s Merger and Acquisition service offering. He has also participated on vendor and buy-side due diligence assignments for which he has worked within the local and foreign practices of KPMG. His engagement portfolio has led him to work at the heart of strategy within a number of businesses, helping them throughout the process of considering strategic options, articulation of plans and their subsequent implementation and monitoring. David has provided various training sessions on corporate finance, accounting and business related topics to clients and at public seminars. He is an active promoter of entrepreneurship, supports early stage companies, and is a Director on the JAYE Malta Foundation (previously Young Enterprise) Board, of which he was previously Chairperson.
Anthony Pace
Anthony commenced his career in the firm’s audit function in 1990. In 1995 he joined the taxation services department and has since worked in income tax and value added tax. Anthony joined the partnership in January 2003. Anthony has led numerous direct and indirect tax advisory engagements in banking and financial services, gaming, real estate and family businesses. He has also led several tax due diligence engagements. Anthony is a member of the Executive Management Committee at KPMG Malta. He is also a visiting lecturer in taxation at the University of Malta.