TECO Electric & Machinery Chairman Morris Li believes that a company’s established governance systems will allow the right people to perform effectively in the right positions. This view echoes the observations of SMU Professor Emeritus of Finance (Practice) Annie Koh. She also opined that aside from succession, the participation of rising generations to shape the future is also a key challenge for Asian family businesses. Prof Koh also emphasised that the essence of succession lies in the joint creation of value and responsibility. Regarding the internationalisation of Southeast Asian companies, she highlighted that it relies not on replicating successful existing practices, but on the ability to flexibly localise, strategically integrate, and reconfigure talent and culture.
