Original article by Damon Kitney
The Australian – Page: 20 : 16-Oct-14

The 2014 version of the "Family Business Survey" conducted worldwide by PricewaterhouseCoopers notes that just 33% of such enterprises in Australia have a shareholder agreement, while globally the average is above 50%. Consultant David Smorgon argues that the dismantling of the $A1.5bn Smorgon Consolidated Industries conglomerate in 1995 shows the value of an adequate governance process in dealing with family ownership issues. Another finding in the study is that relatively few local family business operators have plans to hand over to their children

CORPORATES
SMORGON CONSOLIDATED INDUSTRIES PTY LTD, PRICEWATERHOUSECOOPERS, POINTMADE PTY LTD, COOPERS BREWERY LIMITED