The Business Times
business-time-50

Singapore's family-owned firms least ready for succession in S-E Asia

google-preferred-sourceAdd BT as a preferred source
Mindy Tan

Mindy Tan

Published Tue, Jan 27, 2015 · 09:50 PM

    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.

    succession planning

    TRENDING NOW

    The cash payout will depend on the recipient’s assessable income for the year of assessment 2025 and the annual value of their place of residence.

    Eligible Singaporeans to receive up to S$850 in GSTV cash, up to S$450 in MediSave top-ups in August

    DBS shares rise 1.6% to close on a high of S$70.23 on Thursday.

    DBS, OCBC, UOB push STI to new highs as institutions pile in ahead of earnings

    Hao Mart has been grappling with widening losses and a shrinking store network.

    Supermarket and minimart chain Hao Mart faces fifth High Court lawsuit

    The board owns succession, yet its success is almost impossible without the active involvement of the incumbent CEO.

    If CEO succession is so well researched, why do so many boards still get it wrong?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More