Great expectations – raising the next generation of Asian wealth stewards

SMU Associate Professor Annie Koh, Vice President (Business Development & External Relations) and Academic Director of the Business Families Institute at SMU (BFI), was of the view that intergenerational engagement should be a continuous process that starts as early as possible. "Conversations provide the dynamics that can help families to overcome obstacles that challenge continuity," she said. She cautioned that different generations of a wealthy family who fail to find ways of working together can bring down the achievements that have taken time and effort to build up over the years. While next-generation responsibilities are often thought of in terms of a family's material wealth, she said that the concept goes further to include emotional, social and intellectual wealth.

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South China Morning Post