Singapore's family-owned firms least ready for succession in S-E Asia
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Mindy Tan
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Singapore
FAMILY-owned businesses in Singapore are laggards in the region in two respects - in planning for leadership succession and in using formal structures and wealth-management solutions to manage succession issues and ensure wealth preservation.
A report by The Economist Intelligence Unit has found that fewer than six in 10 Singapore companies (58 per cent) have a succession plan in place.
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