How Do Asia's Rich View Succession Planning?

Asia’s wealthy individuals employ a variety of methods in planning for the succession of their family businesses, ranging from Lippo Group’s twice a year meetings with family members to Wen Ken Drug Company’s strictly controlled governance managed through trusts and foundations. Family feuds are known to have sunk companies; famous among them in Asia are Aws of Haw Par Group, Chuas of Cycle & Carriage Co, Tans of Tan Chong Motor, Widjajas of Sinar Mas and Yeos of Yeo Hiap Seng.