According to the Business Families Institute at SMU, nearly 90 per cent of business families in the region surveyed in a recent poll indicated that management succession is important to them. The institute has partnered with Deloitte Southeast Asia in pioneering research on "Asian Business Families Succession, Going the Distance with the Next Generation". The inaugural survey, made possible by a grant from Deloitte Southeast Asia, from August to October covered Singapore, Indonesia, Malaysia, Thailand, the Philippines and Vietnam. It provides thought leadership on the current sentiments of business families on succession issues, as well as the strategies and structures related to next-generation training and non-family advisers facilitating such business transitions. There was generational consensus that the next generation should take over management control of the family business in their 30s and 40s.