Family businesses can be complicated when emotions and family dynamics get in the way but if managed well, they can be extremely successful. Mr Clinton Ang, Managing Director of Hock Tong Bee Pte Ltd and Mr Mark Lee, CEO of Sing Lun Holdings share their experiences running family businesses and the challenges behind it. Associate Professor Annie Koh, Dean of Executive and Professional Education at SMU, estimates that about 40 percent of family businesses in Asia are currently at a transition or handover stage.
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