FBNPA Regional Summit 2010
Beyond Three Generations – Myth or Reality

7 - 9 November 2010, Malaysia

‘Shirtsleeves to shirtsleeves in three generations’

 

Wealth never survives three generations

 

‘Padre Bodeguero; Hijo Caballero; Nieto Pordiosero’

Father–merchant; Son–gentleman; Grandson–beggar

 

Family Businesses are the cornerstone of the economy. Yet despite the large role they play, contributions of family businesses are often Short-lived. In general, three in ten survive into the second generation and a mere one in ten into the third. The tumultuous nature of transition is not merely an Asian phenomenon, as across the globe, family owned companies have been vulnerable when it comes to handing over the business. Yet there exist many business families around the world that have successfully made the transition and endured beyond three generations.

FBNPA’s Regional Summit 2010 explores the issues around transition and generational change and provides a platform for idea generation, discussion and shared learning. Understanding one’s role in society, confronting the challenges and learning to manage the transitions are crucial to ensuring the success of the business and the well being of the community.

Family Businesses need to respect traditions, celebrate change, be responsible and earn the social license to operate across generations. The summit provides a unique opportunity for experts and practitioners in the Family Business space to share ideas and engage with their peers on practices to help families create an enduring legacy, counter the myths and build a vibrant community that serves as a model of sustainability.

Come Join Us

Family businesses are the oldest and most enduring form of enterprise, thanks to their values of economic, social and environmental responsibility. Their entrepreneurial approach, long term vision and alignment of values with the community allow them to meet present day challenges while projecting for the future and the generations to come. Join us in this summit as we explore how family businesses can face up to the issues of change and learn to manage the transitions to build and leave a lasting, meaningful and enduring family business legacy.