Kuala Lumpur, 8 August 2019 – MasteryAsia, hosted the first-ever family business convention ‘The Asian Family Business Convention 2019’ to help family business owners better manage common family business challenges in Asia.
Running a business is tough, but the transition a business has from one generation to the next generation is even tougher. Internal conflicts, family matters, and business concerns make ownership transition very complicated and are often emotionally charged.
“Every founder’s dream when they start their business is to have their children take over, especially in Asia. But that is not happening as much as it used to be due to the numerous challenges they are facing now.”
Mr. KC See, Chief Executive Officer of Quest Group
With his deep industry knowledge and expertise, Dr. Tom Deans was invited by MasteryAsia to share his perspective and experience related to the complex topic of the family business.
The family businesses in Malaysia lack strategic succession planning. The research showed that only 23% of Malaysian family businesses have a robust, formalized and communicated plan
Quest Family Business Advisory Services’ mission is to help family business owners to be better equipped to prepare their heirs for succession, to anticipate and manage any challenges
Leveraging on his expertise, Quest MasteryAsia Group has set up Quest Family Business Advisory Services in Malaysia.
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