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      Family businesses remain one of the most resilient and influential forces in the global economy. Yet as economic uncertainty, technological acceleration and leadership transition converge, the decade ahead will likely demand new levels of preparedness.

      The KPMG Global family business report 2026 captures insights from 1,927 family and founder‑led business leaders across 41 countries. The findings reveal a sector that is strategically confident and values‑driven, but increasingly aware that traditional ways of operating may no longer be enough.

      Across markets and generations, leaders describe a shift underway, from family‑run operating businesses to family‑owned enterprises, governed through boards and led by professional management.


      The future of family business isn’t about stepping away, it’s about stepping up as owners. The most successful family enterprises will be those that transition from managing day-to-day operations to providing strategic oversight through strong governance, clear accountability, and long-term stewardship.
      David Pace

      Senior Partner

      KPMG in Malta


      Key insights from the survey


      Talent and succession pressures are rising, with attracting external talent emerging as the number one people challenge.

      Risk readiness is lagging complexity: Only one‑third of family businesses report having a comprehensive Enterprise Risk Management framework.


      The strongest family businesses view succession not as a handover, but as a continuous process of developing future leaders. By investing early in the next generation, fostering capability, and aligning around a shared vision, families can preserve both their legacy and their competitive edge.
      Anthony Pace

      Partner, Head of Tax

      KPMG in Malta


      Holding structures are becoming a natural evolution for family businesses seeking to preserve control while enabling growth. By creating clear separation between ownership, governance, and management, families can focus less on running a single business and more on building a lasting enterprise that creates value across generations.
      Doreen Fenech

      Partner, Tax Services

      KPMG in Malta


      KPMG Global family business report 2026

      Family Business

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      David Pace

      Senior Partner

      KPMG in Malta

      Anthony Pace

      Partner, Head of Tax

      KPMG in Malta

      Doreen Fenech

      Partner, Tax Services

      KPMG in Malta