Insights
- The Family Office - An Icon Of Family Longevity
- Tradition & Adaption in Chinese Family Enterprises: Facing the challenge of continuity
- Generational transitions still looms as Asia's key issue
- How to lead your family business out of the crises
- The Asian Way - Family Business Succession Planning: East versus West
- Values In Family-Owned Business
The Family Office - An Icon Of Family Longevity
by June Lee, Head of Family Governance, UBS Wealth Management
(article was first published in the Singapore Business Times on 20 January 2010)
Excerpt
''The financial turbulence of the last 24 months has laid bare the exposures wealthy families face
with respect to the management of their wealth. In many cases, family leaders have had to divide
their attention between attending to the urgent needs of the family business and repositioning
their financial portfolios, in order to preserve the family's wealth.''
Tradition & Adaption in Chinese Family Enterprises: Facing the challenge of continuity
by Ivan Lansbery, PhD and Kelin Gersick PhD, Lansberg, Gersick and Associates LLC
Excerpt
''Facing the Challenge of Continuity was researched and written at the request of HSBC Private Bank in
Asia, after working closely with Dr Ivan Lansberg and Dr Kelin Gersick for the last six years. Both authors
have consulted with a wide range of family enterprises, from the very simple to the very complex, from around
the world, and have made significant contributions to the understanding of family business governance, continuity
and succession planning.''
Generational transitions still looms as Asia's key issue
by Yuelin Yang, IMC Corp Group
Reproduced with permission of Campden
Excerpt
"In this time of economic turmoil, some people are questioning the Anglo-Saxon model of capitalism, which emphasises shareholder value. In searching for an alternative model, others have extolled the virtues of family capitalism. At the same time, the economic climate has imposed a stress test on some families and their businesses, which has fractured family unity."
How to lead your family business out of the crises
by Professor Randel Carlock, INSEAD’s Berghmans Lhoist chaired
professor in Entrepreneurial Leadership and director, Wendel
International Centre for Family Enterprise
Reproduced with permission of Campden
Excerpt
"Family-owned companies have suffered along with everyone
else, but they have an inherent competitive advantage
that can be leveraged to ensure they survive and prosper
despite the poor business and financial climate. This advantage
encompasses the well-documented benefits of committed
owners, a long-term strategy, industry knowledge
accumulated over generations and values such as trust,
stewardship and longevity. However, such characteristics
on their own do not ensure survival or success."
The Asian Way - Family Business Succession Planning: East versus West
by Christian Stewart, Family Legacy Asia
Excerpt
"In the US, if you were a wealthy individual, you would not walk across the road without taking your lawyer and your tax advisor and your accountant and your therapist with you! You might also have an insurance advisor and a "family business" advisor - or a "family wealth" advisor.
The Chinese business family may not have any of these professional specialists. The wealthy Asian businessman will walk across the road on his own - or if he takes any one with him it is likely to be some family members or a trusted lieutenant."
Values In Family-Owned Business
by Prof Bernardo M. Villegas. Ph.D., Harvard University
Excerpt
"...family-owned businesses are generally characterized by a sound value system, whether implicit or explicit, which impacts all of its activities, its strategy and way of doing things. During these days when there is a great deal of lamentation about the lack of values in the corporate world, family-owned businesses are shaping up to be the role models to watch."