A new study of Australia’s family business sector has revealed women are still struggling to break into family-owned firms, with just 11% of family businesses owned by women and sons five times more likely to become CEO than daughters.
The report, compiled by accounting firm MGI and Melbourne university RMIT, is the third study of the $1.6 trillion family business sector conducted in the last seven years.
MGI Australia chairperson Sue Prestney says is it disappointing to see that the involvement of women in family business has not increased from the previous studies in 2003 and 2006.
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James was the editor and publisher of SmartCompany and LeadingCompany for five years. He is now the Australian Financial Review‘s companies & markets editor, and a former BRW editor.
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