Exclusive to Business Families
November 18-20, 2022
Banff Centre for Arts and Creativity

  • In-person, bring your whole family!
  • Focuses on today's issues and tomorrow's opportunities
  • Learn together in nature!

  • Draws on shared wisdom, contrasting opinions and solution-driven ideas
  • Designed for families who work together
  • See what we learned last year
Hosted by



 
Family Enterprise Canada Monthly Barometer Family Enterprise Foundation

 

Supported by



 
Talsom Watershed Inc  

Why Attend

New Connections

Make new connections with business families from across Canada who understand your unique reality.

Thought Leaders

Get unique insights and perspectives on today's issues directly from global thought leaders in family enterprise.

New Opportunities

Take full advantage of this Summit to discover the opportunities of tomorrow for your business and family.

Learning Together

Strengthen your family relationships as you and your family members learn, share and grow together in nature.

This Year's Theme: Predicting the Unpredictable


Lend your mind and voice to today's vital conversations in Banff, Alberta at Families Summit of Minds 2022. This year's program will be focused around two main threads:

  1. Key macro issues (economics, geopolitics, society, environment and tech) and how they are likely to evolve and impact your investment and business decisions.
  2. Themes at the intersection of natural capital and the great outdoors, especially their fundamental contribution to our planetary, societal and individual wellbeing.

Over three days, Families Summit of Minds will combine high-level thinking, access to an exceptional network and mind-stretching conversations in an informal atmosphere defined by mutual trust. This exceptional alchemy is further enhanced by “walkshops” out in Alberta's beautiful nature peppered with micro-sessions and memorable shared activities in the mountains.

Sessions


The Summit opens Friday, November 18 at 9:30 AM with sessions starting at 1:00 PM and concludes Sunday, November 20 at 1:30 PM.

Managing Risk, Maximizing Opportunity

Do family enterprises understand their risk capacity?

In a well-run enterprise, whether family leaders are risk-averse or risk takers, risk needs to be collectively managed.
We will explore whether enterprising families should take on more risk and ask:

  1. As we identify family enterprise risks, how should we prioritize them?
  2. How do we assess our appetite for risk or measure risk capacity?
  3. How do we convert that knowledge into a board strategy?

Facilitator(s): Devin DeCiantis, Managing Partner, LGA

Fortifying Financials

Family Fortunes: Are there any safe harbours for investing families?

This year has been dominated by global conflict and inflation as the world tries to find a new normal amid the ongoing pandemic. We will ask:

  1. Where should families park their wealth?
  2. What will financial resilience look like in 2023?
  3. Is “stagflation” the new normal?

Introduction: Karl Moore, Associate Professor, McGill University

Facilitator(s): Carine Salvy, Executive Director, Canadian Alpine Club

This year has been dominated by global conflict and inflation as the world tries to find a new normal amid an ongoing pandemic. Entrepreneurial families are at pains to preserve their wealth. Seeking stronger returns, family offices are piling into private equity. Others see direct investing, which offers more control and lower fees, as a better bet. Some see crypto currencies as the new great hedge against inflation and a platform for growth. Never far are green issues: Future financial regulations that track the environmental cost of activities could alter how businesses calculate profitability. Which way to certainty?

What Price for Sustainability?

The Planet: Can families afford to put off sustainability?

Long term, a hostile biosphere could unleash geopolitical turmoil and slash global economic growth. Is sustainability the way forward? We will ask:

  1. What is the role of private enterprise in saving the planet?
  2. What tangible outcomes can we expect from progressive enterprises?
  3. Governments provide regulatory frameworks. Can family businesses do more?

Facilitator(s): Ed Whittingham, Public Policy Professional, Whit & Ham

Burning the planet is bad for business. Long term, a hostile biosphere could unleash geopolitical turmoil and slash global economic growth. Is sustainability the way forward? If it meets our needs today without compromising future generations to meet theirs, then yes. But certain businesses and industries have a vested interest in putting off sustainability. Likewise, certain consumers insist businesses curb their environmental impact. Family enterprises have a role to play. Relying on government action is not enough — so what is?

Health, Wellness and Tech: A Convergence?

Where will convergence lead?

The growing wellness industry, whose focus is to shift disease management from reactive to preventive, is worth trillions. Where do families, businesses and doctors fit it into a future shaped by software engineers? We will ask:

  1. Tech is improving our health, but is it leading to sedentary lifestyles?
  2. Has tech been co-opted into tools of behavioral manipulation and addiction?
  3. What happens when AI systems are wrong?

Introduction: Susie Ellis, Chair and CEO, Global Wellness Institute

Facilitator(s): Kathi Irvine, Co-Founder, Watershed

The growing wellness industry, whose focus is to shift disease management from reactive to preventive, is worth trillions. Telehealth, itself a growing pillar of Canada’s healthcare sector, is flourishing due to better infrastructure and a pandemic push. Now, in deepening convergence, AI, chatbots, virtual and augmented reality technologies are taking health, wellness and tech into new waters. Where do families, businesses and doctors fit it in to a future shaped by software engineers?

Families: The Strongest or Weakest Link?

Governance: Can families find grace in disruption?

There is a body of research that paints family enterprises as solid employers and businesses whose owners take a long term view. Resilient and tight knit, they ride out disruptions, but are there better tools for confronting uncertainty? We will ask:

  1. What does “good governance” look like in the family business of tomorrow?
  2. What governance tools do family businesses need in an age of disruption?
  3. Where do family enterprises excel as models of good governance?

Introduction: Estelle Metayer, Principal and Founder, Competia

Facilitator(s): Matt Fullbrook, Fullbrook Board Effectiveness

There is a body of research that paints family enterprises as solid employers and businesses whose owners take a long-term view. Resilient and tight-knit, they ride out disruptions. Certain companies resist external board members in favour of blood relatives. Others are lax in succession planning. Yet, family businesses are often cited as governance role models for their “kinder” ways of doing business. Now, disruption is back. Russia, Ukraine, the pandemic and inflation. Can family enterprises grow without adding new tools to their old governance kits?

(Un)Limited Resources?

Are we paying enough attention to scarcity?

The gap between limited resources and (theoretically) limitless wants is widening. Natural resources are becoming the new powerful key to defining geopolitics and securing economic and strategic interests. Are family enterprise leaders paying enough attention to scarcity? We will ask:

  1. Who will pay the enormous costs of transitioning to renewable energy?
  2. Should we discourage investment in fossil fuels?
  3. What is the cost of inaction on family enterprises slow to adapt to energy policy changes?

Introduction: Ed Whittingham, Public Policy Professional, Whit & Ham 

Facilitator(s): David C. Bentall, Founder, Next Step Advisors

Are family enterprise leaders paying enough attention to scarcity? The gap between limited resources and (theoretically) limitless wants is widening. Natural resources are becoming the new powerful key to defining geopolitics and securing economic and strategic interests. As the hunger for raw materials and resources rises exponentially, the intricate balance between economic priorities and global political discourse has become more fragile. In a globalized economy, imbalances affect businesses and private consumers profoundly. Enterprising families must expect the unexpected.

How Will AI Impact Family Firms?

Artificial intelligence and beyond

In this session we will explore the phenomenon of artificial intelligence (AI) and discuss its applicability to family businesses. We will ask:

  1. What exactly is artificial intelligence?
  2. How do organizations leverage AI to change their way of doing business?
  3. What is the relationship between “values” and AI?

Introduction: David R. Beatty, Board Chair, The David and Sharon Johnston Centre for Corporate Governance Innovation

Facilitator(s): Vern Glaser, Associate Professor, Entrepreneurship and Family Enterprise, University of Alberta

Geopolitics, Family Business and Long-Term Views

Is the west’s golden age of innovation over?

Some believe that the aggressive axis of Russia and China is the main threat to the Western-dominated international system. Is the West’s golden entrepreneurial and innovation age behind it? We will ask:

  1. Can family enterprises find long term stability amid increasing geopolitical instability?
  2. What would a reduced Chinese role in the Canadian economy look like?
  3. Canadian companies have enjoyed decades of relatively stable geopolitics. Has time run out?

Introduction: Matthew Burrows, Co-Director, New American Engagement Initiative, Atlantic Council

Facilitator(s): Thierry Malleret, Founder and Managing Partner, Monthly Barometer

A new narrative has taken hold among the ruling classes in the West: that the aggressive axis of Russia and China is the main threat to the Western-dominated international system. Some commentators believe the West’s golden entrepreneurial and innovation age is behind it. Either way, what are the implications for family enterprises? Since the 1980s, entrepreneurship, innovation and, more generally, business dynamics have been steadily declining – particularly so in the US. Canada’s relatively high taxes on capital gains discourage risk-taking and reduces access to financing for starting and growing entrepreneurial businesses, critics argue. Is complexity ossifying the Western economies?

Clashing Clans

Transitioning leadership and "letting go"

The act of “letting go” involves more than one family member. The question is how to do so an elegant and unified manner. In this session, we will ask:

  1. When is choosing not to lead in everyone’s interest?
  2. What does “letting go” mean to all family members?
  3. For whom is leadership transition more taxing: leaders or successors?

Introduction: David C. Bentall, Founder, Next Step Advisors

Facilitator(s): Tim Yeung, Peterson BC

The Transition Hike Journey

Where there is a will there is a way

Getting from the first generation to the fifth generation can be a daunting hike. Discover how the Mannix family overcame and mapped it out, every step of the way.

Introduction: Michelle Osry, Partner, Deloitte Canada

Facilitator(s): Margaret-Jean Mannix, Chair, Viridian Family Office

"Walkshops"

Reach higher, gain perspective

Hike through magnificent panoramic viewpoints with a diverse group of experts and practitioners while exploring new perspectives on today’s issues. Nature alters our perception just as an invigorating walk in a fresh setting resets our frame of mind. The aim of these workshops is twofold:

  1. To arrive at a more granular understanding of the issues raised.
  2. To generate ideas and solutions to both seize opportunities and mitigate risks.

Learning From the Heights

Learning opportunities with an amazing view

Get new perspectives firsthand from experts and fellow participants on issues surrounding today's shifting values and attitudes, including:

  1. Author Geoff Powter in conversation with Will Gadd on the psychology of risk-taking.
  2. "Staying True to Your Values" by three-time Olympian Beckie Scott, former Chair of the World Anti-Doping Agency’s Athlete Committee
  3. One of North America's top alpinists, Barry Blanchard on the Banff Mountain Film Festival.
  4. “The White/Whytes of Banff: An Enterprising Family” by renowned author and mountaineer, Charles "Chic" Scott.

Location Details

The Banff Centre for Arts and Creativity (map it)

Experience Families Summit of Minds in one of Canada's most popular and beautiful destinations, known for its picturesque mountainscapes and outdoor activities.

Please note: The Banff Centre is built on the side of a mountain. With sessions in different buildings and planned walking/hiking discussions, this may present challenges to those with limited mobility.

Group room rates are available: A link to the room block will be sent in the Registration confirmation.

Getting there: Banff is only 90 minutes from the Airport and is easily accessible by rental car, the Banff AirporterROAM Transit or the Brewster Banff Airport Express.

 

Registration

Exclusive to BUSINESS FAMILIES

→ Get Hotel and Location details

Family Enterprise
Canada Members


First two family members:

$4,000
 + tax

Additional family members:
$1,200
 each + tax

Monthly Barometer
Members


First two family members:

$4,000
 + tax

Additional family members:
$1,200
 each + tax

 

Non-Members


First two family members:

$5,700
 + tax

Additional family members:
$1,400
 each + tax

 

 

Have questions or need assistance?

If you have any questions or need assistance with your registration, please email us at events@familyenterprise.ca.