Part 8/10:

Similarly, other leaders stress that early involvement in developing the next generation not only ensures business continuity but also fosters innovation. Transparent, strategic, and ongoing planning is fundamental to navigating the complex dynamics of family firms in Southeast Asia.

The Role of External Advisors and Broader Trends

Increasingly, non-family management and external advisors act as vital facilitators in governance and succession processes. Their involvement introduces objectivity, expertise, and best practices, helping avoid internal conflicts and ensuring a smooth transition.