Dr. Olive McCarthy:

We have not given this matter particular consideration but a 2021 PwC survey showed that 41% of family businesses had a succession plan in place. More and more family businesses are thinking about succession now, which is a good thing. Perhaps now is a good time to ensure that family businesses are aware of the co-operative model and that there is a possibility for them in that succession piece, which is hugely important and difficult for many families to deal with, and family businesses in particular. Consideration could be given to building something around that and ensuring there is more knowledge and awareness of the co-operative model as an approach used in other countries successfully, as the Senator mentioned, including in North America, to enable and support families to convert to such a model. It is not something to which we have given particular consideration but it is something that perhaps should be considered.