The Private & Family Enterprise Exchange

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BRAD STEYN, BRASCO & BRAD CHAN, BANNA GROUP |
Brad Chan is CEO of Banna Property Group, a 3rd generation family business involved in property investment and development.  Traditionally long term investors, they have purchased and sold over $100 million worth of assets in the past 18 months and made an appearance on BRW’s Rich Family list in 2014.  Family owned Brasco is Australia’s leading non-manufacturing broker/wholesaler in cardboard packaging solutions.  Since Brad Steyn joined the business in 2009 revenue has more than doubled and, in 2011, the company was placed 39th in the BRW fastest 100 growing companies.  These family companies have established an Advisory Board in recent times and, while they are at different stages in their evolution, both agree that it was a great move.  In this interview we will ask them about the process of establishing an Advisory Board, how they engaged other stakeholders in the journey, how they found the right people and what benefits the Advisory Board is bringing to the business.