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The world's next generation of family business leaders are more confident, better prepared for senior roles and more ambitious than they were when we spoke to them two years ago. But while many of the old challenges remain - such as skills, succession and scale - two issues stood out this time around - one is how next gens are dealing with the challenges and opportunities of digital disruption, and the other is professionalisation - both of the business and of the family.
In our private companies' edition of the 19th Annual Global CEO Survey, Old-style strengths, new-style challenges, we look at the results from the private company sector through the three interrelated perspectives of progress, perceptions, and people.
The Federal Parliament passed tax legislation on 3 December 2015 which will create significant new disclosure requirements for many privately owned companies and other entities that are not currently subject to financial reporting requirements.
Welcome to the latest edition of Grow, PwC's Private Clients team publication which brings together the recent news, ideas and opportunities for entrepreneurs, private and family businesses.
Next Generation Survey 2016
Stuart Morley and David Smorgon OAM discuss the findings of this year’s survey.
"I think we're held to a higher standard than other people, and actually we hold ourselves to a higher standard too, because it's our family business, and we live and breathe it every single day." - Mitchell Symes, Executive Director, Credit Repair Australia.
"We’re lucky enough to have a very open and inclusive set of family dynamics." - Tim Slattery, Director, Slattery Asset Advisory and Slattery Auctions.