Our partners at KPMG are hosting a digital event exploring how family businesses have responded to Covid-19 and how they are setting themselves up for success in the future. This event is ideally suited to both current and next generation family business owners and leaders.
Throughout this pandemic family businesses have demonstrated that they are resilient, agile and well placed to respond to unprecedented challenges. Whilst this is not surprising, how do you keep up momentum and translate rapid responses into longer term strategies?
Welcome: Tom McGinness, Global Leader Family Business at KPMG, will briefly reflect on their recent Global family business report, based on their largest ever survey with insights from 2,500 family business leaders across 75 countries and every major region of the world. The findings uncover three core strategies used by family businesses to address the immediate impact of COVID-19, respond to the challenges and opportunities it presented, and how they are preparing for the future.
Panel session: a panel of family business leaders will reflect both on their experience of the pandemic and the strategies they are deploying for the future.
Lord Karan Bilimoria CBE DL, President of the CBI and founder and Chairman of Cobra Beer, Rupa Patel, Executive Director, Day Lewis Plc, and Sanjay Arora, Director, Strategy, Corporate Finance and Arora Investments, Arora Group, will share how they responded to the pandemic and, more importantly, where they are focusing next.
Breakouts: You will then be invited to join two of four breakout sessions where experts and guest speakers will share their insights on how the world is changing and the key considerations for the future.
1 – Succession planning
The pandemic has shown the strength of family businesses; multiple generations were able to step in and provide a broad range of skills when they were most needed. Whilst this has been hugely beneficial it has also highlighted the importance of formalising succession plans.
In this session we will be discussing the ins and outs of what makes it a challenging conversation, how different families go about it and a few practical tips to help get you started.
2 – The future of work
With talk of the ‘new reality’ dominating conversations, now is the time to look at what has fundamentally changed and whether your operations, culture and workforce are fit for the future. We’ll explore the challenges of reshaping and reskilling your workforce, embracing changing ways of working to remain a magnet for talent, and the importance of the physical and mental wellbeing of everyone across your organisation.
3 – Family Business – the real value creators
Studies show that family-owned companies tend to outperform the wider market over time and show greater resilience during an economic crisis. In this session, together with a panel, we will explore the possible reasons for this from patient capital, innovation, purpose and the increasing importance of ESG. We’ll discuss how these come together to build a legacy that meets the needs of customers, employees, future employees, communities, wider stakeholders and of course the family.
4 – Business transformation
As a result of the pandemic we have seen an acceleration of trends; digital commerce, greater use of data, simplification and productivity, new ways of working and increases in productivity, de-globalisation, climate change all of which have accelerated the need for business transformation. In this session, we’ll explore these trends and what that might mean for your business.
Register for your complimentary ticket to attend this event here