[eNews] Programs Pinpoint What Keeps Family Businesses Going For Generations

The Tanoto Center for Asian Family Business and Entrepreneurship Studies ran the open program on “Family Business: Leading Generations of Excellence” in collaboration with HKUST Executive Education Office from 1-3 November 2017. Participants of family businesses from Hong Kong, China, Taiwan, Singapore, Malaysia, and South Korea attended the program. Professors from Meiji University and Tel Aviv University also joined and spoke in the program, as part of the ongoing collaboration and exchange with these institutions. Day 3 of the program was launched as a separate program on “Family Office: A Powerful Tool for Succession Planning”, which attracted 26 service professionals and members of Asian family businesses and family offices.

The programs focused on succession and governance issues of ethnic Chinese family businesses. The Center’s Director, Professor Roger King, and Associate Director, Professor Winnie Peng, shared their research insights with the groups. In addition, guest speakers from leading family businesses (e.g., Crown Worldwide; Eu Yan Sang; Lee Kum Kee), family offices (e.g., Sir Elly Kadoorie & Sons; Tan Family Office; UNIR (HK) Management), professional firms (e.g., KPMG), and universities (e.g., Northwestern University) shared their practical experience with the participants. Christie’s delivered a specialized lecture in arts; and the next generation member of Omtis, a Jewish family business, and their award-winning sommelier tailored a wine-pairing dinner at a private club.

Participants found the programs highly relevant and insightful. They were also excited to apply the knowledge into their own family business or advisory practice. The programs gained great traction to families and service professionals around the region, with enrolment being tripled over the last intake.

Classes on “Family Business: Leading Generations of Excellence” and “Family Office: A Powerful Tool for Succession Planning”


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