The delicate matter of family succession in a public company

Handing over power to the next generation can be a tricky process for a publicly listed family business. Controlling shareholders must tread carefully if they want to avoid disaster.

When I was sitting in Servcorp’s foyer this week waiting for Marcus Moufarrige, I could hear his father’s voice booming from a nearby meeting room.

Alf Moufarrige, a legend in Sydney property, was educating a group of sales neophytes from around the world. “When you get a sales lead on the hook,” he bellowed, “you sell, sell, sell. You don’t let him go.”



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