Succession planning is critical to the long-term resilience of family businesses, particularly as founders approach retirement or face unexpected circumstances.
Tai Lai Kok, Family Business Tax Leader at KPMG Private Enterprise in Malaysia, provided his perspective on why businesses should begin preparing for succession five to 10 years ahead of a leadership transition. He also shared how structured leadership development, a phased transfer of responsibilities and clear decision-making authority can help preserve the founder’s legacy and strengthen the business for future generations.
Read the full story in the attachment below:
