1. © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Managing the All Important Family Component Grant Walsh

2. © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. The 3-Circle Model

3. © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved. Family Business Succession Planning Managing The Family Component Processes ActivitiesDesired Outcomes Management Succession Ownership Succession Family Communications Family Business Meetings Family Council Meetings Family Business Rules Grooming Successors Management Processes Family Governance Shareholder Agreement Integrated Family Members Assessed Options Informed Decision Making Comfort Levels KPMG’s Centre for Family Business

4. © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.

11. Family Business Succession Planning Managing The Family Component Processes ActivitiesDesired Outcomes Management Succession Ownership Succession Family Communications Family Business Meetings Family Council Meetings Family Business Rules Grooming Successors Management Processes Family Governance Shareholder Agreement Integrated Family Members Assessed Options Informed Decision Making Comfort Levels KPMG’s Centre for Family Business

12. © 2005 KPMG LLP, the Canadian member firm of KPMG International, a Swiss cooperative. All rights reserved.