Take 15: Asian Family-Controlled Businesses: Dynasty Planning and Leadership Transition Challenges (Video)
In recent years, highly contentious and very public battles over estates have highlighted the need for improved succession planning among Asian family-owned businesses. Joseph P. H. Fan has spent many years studying, researching, and consulting with family-controlled business groups in Asia. In this interview, Fan discusses how an Asian family could best go about doing dynasty planning and set up a family governance and intergenerational transition framework. He also reminds the viewers of the common pitfalls and roadblocks that must be kept in mind while implementing this framework.
This episode of the Take 15 Series was originally released on 28 August 2013.
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Is this only peculiar to Asia though? what about European or US business
bdeora – Yes, same in the US. We just don’t have the high proportion of family controlled businesses as found in Asia.