Jeremy Cheng explains in an article published by Bloomberg magazine why the Lui family, an enterprising family in Hong Kong did a good thing in laying down a plan for succession before the patriarch’s death.
In this article originally published in FFI Practitioner, our Advisor Jeremy Cheng explores the dynamic nature of legacy within family enterprises and the critical role of governance in its evolution. He emphasizes that legacy is not a static inheritance but a co-constructed entity shaped by interactions between legacy “senders” (e.g., founders) and “receivers” (e.g., successors).
LGA Advisor Jeremy Cheng, alongside his co-authors, explores how the second generation of Asia Green Group, a Malaysian family business in the timber and property sectors, is shaping sustainability efforts
Family leaders must have the courage and stamina to create an inclusive, participative, and results-driven culture in the family and business, supported by the right policies and systems. Such a foundation will set the stage for a family legacy which both sustains across multiple future generations, and grows along the way with each group driving growth and diversification and making its own mark.
“Moments of crisis can bring families together or they tear them apart – the choice is ultimately theirs…”
Fernanda Jaramillo and Ivan Lansberg talk about the importance of having a shared vision for family enterprises to successfully last from generation to generation
Nicolas Hollanders explains what it means for family business owners to be engaged with the project.
Ivan Lansberg and Devin DeCiantis discuss the importance of education with Dr. Jennifer Pendergast from Kellogg
Chris Robichaud and Devin DeCiantis talk about how simulations can support continuity.
Dr Katherine Grady and Dr Wendy Ulaszek discuss Family Owners Councils and their importance supporting family business continuity.
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