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Asian family businesses need to do more in formal governance

Survey shows that while the majority see the need for a decision-making body, the picture is different in practice
Wednesday, May 27, 2015 - 05:50

Singapore

DESPITE exhibiting a strong desire for formal governance, there are gaps in the implementation by the majority of Asian family businesses surveyed.

For instance, 71 per cent of the 102 business families surveyed said there should be a decision-making body comprising

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