In a commentary, SMU Professor Emeritus of Finance (Practice) Annie Koh and Daniel Soh, Client Partner of Asian conglomerates at Korn Ferry, argue that the challenge for many Asian family conglomerates is how the people who own the enterprise, the people who govern it, and the people who run it day-to-day operate as one coherent system. They opined that owner alignment, board alignment, and management alignment are not the same thing, making role clarity, explicit decision rights, and clearer boundaries increasingly important as complexity grows.
