Family business succession in Asia: a “ticking time bomb”

By | 21 May 2012 | 4 minutes read

As many of Asia’s ultra-high net-worth individuals (UHNWI) approach the end of their reign at the helm of their family businesses and get ready to pass the baton to the next generation, it becomes increasingly evident that succession without proper communication and structure could have calamitous consequences. 80% of all businesses in Asia are family-owned with the average age of…

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