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ARTICLE · 11 JULY 2023

Why Family Enterprises Need To Develop An Ownership Strategy

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Developing an ownership strategy within a family enterprise has many dimensions. Formal strategies provide structure, help overcome challenges and address complications that can arise when future generations take over.

CanadaCorporate/Commercial Law
Leah Tolton
Leah Tolton
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Developing an ownership strategy within a family enterprise has many dimensions. Formal strategies provide structure, help overcome challenges and address complications that can arise when future generations take over.

I recently spoke with three experts in the field about this:

  • Erick Hamdan, former CFO of Leder Holdings;
  • Salvatore Corea, a certified financial planner and certified investment management analyst at Sorrell Financial; and
  • Nicole Osolinsky, Canada Tax Partner and Leader of KPMG's Family Office, Western Canada practice.

Here are the highlights of our conversation.

What an Ownership Strategy Needs to Consider

  • Leadership of a family enterprise is leadership of a system. It's important to acknowledge that all parts need to work together and that dysfunction in any part of the system, can shut the entire system down.

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