KPMG ANNOUNCES PARTNERSHIP WITH YOUNG PRESIDENTS’ ORGANISATION WITH THE LAUNCH OF THE GLOBAL CENTRE OF EXCELLENCE FOR FAMILY BUSINESS
Renowned business centre KPMG is now in a new collaboration with the Young Presidents’ Organisation (YPO) that will provide YPO’s Global Family Business Network with exclusive access to knowledge on family businesses.
To meet the specific needs of family-owned companies, KPMG International has set up a Global Centre of Excellence dedicated to family business that will offer those businesses greater access to the knowledge and expertise available across the global network of family-owned companies.
“Our collaboration with KPMG helps us further our mission of strengthening families, businesses and legacies by connecting members to one another and to the best resources in the world,” said Vicki Novikoff Barnhart director of the YPO Global Family Business Network.
KPMG’s Centre of Excellence for Family Business, based in Paris, is made up of a dedicated team based along with a combination of practitioners from KPMG member firms and independent experts.
KPMG’s Centre of Excellence provides insights on seven key issues of family business referred to as the Family Business Rainbow:
• exit strategies
• wealth preservation
• succession and next generation
By sharing family business best practices and know-how, KPMG professionals will contribute to and increase knowledge of family businesses. KPMG also announced the launch of a blog to provide publications, articles, surveys and opinions to family businesses. The Barbados-specific section of the global blog is available at http://bb.kpmgfamilybusiness.com.
“KPMG in Barbados sees family-owned businesses as a driving force across the economic environment well as significant contributors to our economy and labour force,” said KPMG Advisory Partner Brenda Pope. “While the family ownership model seems to have been resilient in the face of global adversity, they also grapple with several challenges that are particular to their market. Through the Global Centre of Excellence for Family Business and the blog we will provide continuing insight and information regarding the operational dynamics of family owned businesses and the tools necessary to ensure their success and survival in today’s challenging environment.”