Registration Time: 13:15
Sessions Time: 13:30 - 15:30

Speaker: Mr Silvan Mifsud
Venue: Online Webinar

Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €50.00
Non-MIA Members: €90.00
Retired Members: €25.00
Students: €35.00

BackgrounD information

The Financial Controller in a family business is normally viewed as one of the top key players in the running of the family business. The influence that financial controllers, especially if they are not linked to any of the family owners, can be significant as they can provide an independent and impartial view of what is happening in the family business and how it can best improve and adapt to the challenges such family business would be facing.
Financial Controllers need to however make sure that they understand the forces at play in a family business, whilst making sure that they use their influence to have the family business shape up and run more professionally. Therefore, financial controllers in a family business have many times a role which is much larger than simply an accounting and reporting function.
This course is intended to help financial controllers understand the full length and breadth of their role within a family business and how they can best help family businesses improve and become more professional in their approach.

Topics on the agenda

SESSION 1 

1. What makes a Family Business distinct from other types of Business?

2. Why is the role of a Financial Controller so pivotal in a Family Business?

3. Is the ownership structure of the family business inline with the business reality and future needs?

4. Does the family business have the appropriate governance structures that a financial controller can use to warn about future risks or address present issues?

Topics on the agenda 

SESSION 2 

1. How the financial controller can help a family business adopt a strategic mindset

2. How the financial controller can help a family business become data driven organisations

3. The importance of Succession Planning which is a journey and not an event

4. The role of the financial controller in setting up various important policies (family employment, dividend, conflict management and wealth management).

Why is the session of relevance to our members?

Many times family businesses require input from their financial controllers that goes beyond the simple accounting and reporting functions. They would require the financial controller to guide the family business to professionalise its approach at running the business and in becoming better equipped at growing in a sustainable way.

Target Audience

Any accountant who works for a family business or aspires to work in a family business.

Speaker's Profile

Silvan holds a degree in Banking & Finance from the University of Malta and an MBA from the University of Reading, specialising in Corporate Finance and Business Leadership. Silvan has been involved in various sectors of the economy holding various managerial and Director roles. Silvan is presently working as a Director for Advisory Services at EMCS.

EVENT CPE COMPETENCES

4  Hours Professional

WEBINARS TERMS AND CONDITIONS

Terms and conditions  apply

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