Singapore’s family businesses trail Southeast Asian neighbour in succession with 42% unprepared

28 January 2015 | 2 minutes read

Despite the well-documented debacles of family-owned corporations in Asia brawling for assets and the throne, 42% of Singapore’s companies still do not have robust succession plans in place, according to a recent report by Labuan International Business and Financial Centre (IBFC). The figure places the Lion City in last place in Southeast Asia in a list that ranks the region’s…

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