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By KPMG EnterpriseMon, September 10, 2012 @ 11:00 AM
A study, titled “Family Ties: Canadian Business in the Family Way,” was conducted by KPMG Enterprise, in cooperation with the Canadian Association of Family Enterprise (CAFE).
The survey of Canadian family businesses found that although about half the respondents expect a generational transition in the next five years, few have plans or governance structures in place to smooth the handoff. But the good news uncovered by the study is that next-generation members are aware of the challenges they face—and they have insightful suggestions about how their elders can help them.
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