SMU Vice President, Office of Business Development, Professor of Finance and Academic Director, Business Families Institute (BFI) Annie Koh shared insights on the Institute’s findings in the area of leadership succession planning across Asia. Prof Koh noted that countries in Asia are at different stages of growth when it comes to business families. The good news is that Singapore-based business families are increasingly aware of the need for succession planning. According to Prof Koh, some 85 per cent of Singapore family firms surveyed in a BFI study conducted three years ago, said they are expecting to undertake succession planning in the next five years or sooner.