Succession in Singapore: Is the era of family empires coming to an end?
More dynasty businesses may have to hand over the reins to outsiders – but that does not have to be cause for concern
Add BT as a preferred source
[SINGAPORE] “Popiah King” Sam Goi’s son Kenneth Goi was recently appointed chief executive of PSC Corporation , and will head it from May 5.
The listed company, a consumer goods distributor and manufacturer, is one of several in the elder Goi’s empire.
The move may be seen as part of a long tradition of family businesses being passed on to the next generation, not least in Asia.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Hengli’s ex-Singapore unit dismisses staff after US sanctions, at risk of being wound down: sources
