Success and Succession: Challenges of Family Businesses in the 21st Century
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Some of the largest and most well-known brands in the world are a result of the stewardship provided by generations of family businesses. Household brands like Samsung, Tata, Volkswagen, Ikea, L’Oréal and The New York Times continue to make headlines and touch our everyday lives. However, despite having the kind of stability provided by long-term, committed and aligned shareholders, family businesses are facing increasing challenges.
Mr Yuelin T Yang, Deputy Group Managing Director at IMC Industrial Group will examine the performance of family businesses according to recent studies of listed family companies and the prevalence of such businesses around the world, especially in Asia and emerging markets. He will also delve into the peculiarities associated with these businesses including the politics, succession planning and concentrated ownership and its implications for corporate governance. He will also discuss further challenges of professionalising family businesses and attracting non-family talent.
MEET THE SPEAKER
Deputy Group Managing Director, IMC Industrial Group
As Deputy Group Managing Director of IMC Industrial, Mr Yuelin Yang manages Industrial corporate and business relationships. Mr Yang is also responsible for multi-family office, Family Business Network program committee and IMC Group’s investments.
This event is presented by The HEAD Foundation, a Singapore-based think tank devoted to research and policy influence in education and leadership, for development in Asia. Admission is free.