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

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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

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