VIDEO RECORDING LINK: https://www.youtube.com/watch?v=EyJU128iJtk
Compensation for family in family firms can be complex and a source of conflict. Like many issues in family businesses they can be exacerbated by confusion among a person’s roles in the business’s management, ownership and family. In this Webinar we will discuss compensation philosophies in family firms and how the separation of compensation for management, ownership and family membership roles can reduce conflict and improve performance. We will examine a range of forms of compensation for each of these primary roles people have in the business. We will discuss best practices and alternatives, tax minimization, income splitting and compensation for key non-family employees.
Speaker(s):
Dr. Robert Blunden
Dr. Blunden recently retired as Associate Professor of Strategic Management and Family Enterprise at the Rowe School of Business, Dalhousie University in Halifax, Canada and Principal Consultant, Blunden and Associates. For over thirty years he has taught family business and consulted to family businesses. His teaching and research interests are in Strategic Management and Family Business; especially in developing the common ground between the areas and in the application of strategic management to entrepreneurial and family business contexts. Bob holds a Bachelor of Commerce from Dalhousie University, a Master of Management from Northwestern University and a Ph.D. from The University of Western Ontario. His international teaching, consulting and research activities have taken him to China, Latvia, Russia, Hungary, Jamaica and the Bahamas. His consulting activities focus on strategic planning, governance, professionalization and conflict resolution for families and family businesses. He has served on the board of directors of several small and medium-sized businesses and organizations. He is an accomplished case writer and researcher. His current family business research interests include: family business succession, the extent and nature of family business, and definition issues for family business.
Andrew Plant
Andrew Plant is a senior tax manager in the Halifax office. He helps clients navigate intricate and complex tax planning and compliance. He focuses on understanding of what matters most to clients and deliver tailored advice and service. His primary focus is private companies in the professional services, construction, real estate, manufacturing, and hospitality industries. He completed the CPA Canada’s in-depth tax program, which allows him to deliver a wide array of tax and business planning advice related to corporate and personal tax, estate & succession planning, corporate reorganizations, and mergers & acquisitions. In his spare time, he enjoys lending his knowledge and experience to community organizations that support youth education and address poverty. When not at work, he likes to hit the slopes, get out on the golf course and travel with friends and family.
