Family Business Expert and Fifth Generation Cooper to Speak on Family Business Legacies

David Harland, Managing Director of FINH- Integrated Family Business Advisers,and Glenn Cooper, fifth generation Cooper of Coopers Brewery will be presenting at an Australian Institute of Company Directors ( AICD) event on Tuesday 5th April at the Hilton Hotel Brisbane. They will be addressing the topic “Successful Family Enterprises – The Differences That Make The Difference”.

Having made four successful generational transitions, Glenn Cooper from Coopers Brewery is well-versed in the secrets to making a family business a family legacy. David Harland is established FINH in 1995 and using his skills gained through a background in the investment banking industry and wide experience in business valuation, has been advising to family groups in business for almost 20 years.

In Australia approximately 80% of businesses are family owned. Of those only 35% make a successful transition to the 2nd generation and then only 15% survive to the third generation. The financial rewards of family business longevity and stability are impressive. The average net worth of Queensland’s Top 100 wealthy families alone is $320 million, ranging from $6.5 billion to $65 million. What is so complex about a family business, no matter how successful, that so few of them make the transition to longevity? Without some clear strategies in place to manage the family business complexities not many of us can hope to create a business legacy akin to such Australian household names as Brown Brothers Wineries, The Akubra Hat and Coopers Brewery.

This briefing by David and Glenn will cover some of the critical elements in the family business lifecycle including valuation, capital management and governance.

The experienced presenters will help to answer some of the underlining questions such as:

• Why is business valuation considered a core function of strategic planning and how should it be done?
• How to make the decisions about the allocation of capital?
• What capital market and market opportunities exist?
• How do you ensure the strategic business decisions also benefit the generational needs?
• At what point in your business life cycle should you consider an advisory board, a board of directors and a family council?

If you would like more information on this event or family business matter call FINH on 3229 7333 or email directly via marketing @finh.com