Director Seah Ching Ling breaks down the importance of a business succession plan for a family business in an article by Citco Singapore
30 Sep 2020
Director Seah Ching Ling breaks down the importance of a business succession plan for a family business in this Q&A article titled “Ensuring business security and longevity with succession planning” with Yuseff Murphy, Head of Trusts, Asia – Corporate & Private Client of Citco Singapore Pte. Ltd.
In the article, Ching Ling underlined some of the key concerns and issues when forming a business succession plan, such as share dilution and conflict between family members among others. She then touched on some helpful tips for resolving these problems.
She shared: “[A]n ideal succession plan would provide for a particular child/children or even professional manager to run the business and be suitably remunerated while the other members of the family remain passive shareholders and receive dividend income.”
You can read the full article here.