There appears to be a strong opportunity-seeking mindset among Malaysia’s family businesses, with 62 percent of the executives reporting a high level of proactiveness and followed closely by the risk-taking trait (53 percent) — a KPMG survey revealed.

However, according to Tai Lai Kok, KPMG Private Enterprise’s Family Business and Tax Leader, entrepreneurial spirit alone is insufficient to support the sustained performance of family businesses in Malaysia.

“The emotional value they derive from owning and managing their firms, further strengthened by ‘fit for purpose’ leadership style are also equally important contributors especially amidst the uncertainty from the past two years,” he explained.

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