PUBLISHER: MALAYSIASME.
As the family, its business and wealth grow, external and internal challenges may pose an existential threat to it. A formalised process of governance therefore needs to be in place to address critical issues, preserve the family enterprise and expedite decision-making. Poor leadership could jeopardise the success of multi-generational succession. Quoting from Sun Tzu’s ‘Art of War’: “Now the general is the pillar of the State. If the pillar has mastered all points of war, the State will be strong; if the pillar is defective, the State will be weak”. …
