Bank of Valletta will be hosting an event for family businesses at the Malta Maritime Museum, Vittoriosa on Thursday February 22.

“One of the major challenges that family businesses face is planning for succession. Family and business interests may not always be in synch especially vis-a-vis succession. If not properly managed, it could lead to the fragmentation and even the demise of the business itself. A successful entrepreneur is distinguished from one’s ability to plan ahead and ensure the proper governance, culture and vision that goes beyond the individual person to ensure that the continuity process is embedded in the organisation itself,” Albert Frendo, chief credit business development officer, explained.

Speakers lined up for this event include Nadine Lia who is the Regulator for Family Businesses in Malta. Mario Vella will be sharing his experience both as a banker and as a consultant with KPMG about the concerns of family businesses and how these may be addressed, both by financial providers and by the family businesses themselves. Another interesting topic lined up for discussion is taxation and how one can plan for it as part of succession planning, to be addressed by Anthony Pace, tax partner at KPMG.

Limited places are available to the event, which is being accredited by the Malta Institute of Accountants as per the Accountancy Board Accreditation Rules.

Registration is confirmed on a first-come-first-served basis, by sending an e-mail to registerbov@bov.com.