Strong desire for family businesses to grow and ‘keep it in the family’, finds PwC survey

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Strong desire for family businesses to grow and ‘keep it in the family’, finds PwC survey

• Singapore's family owners have a strong desire to keep leadership and decision-making within the family, with 68% of respondents (vs 67% in Asia pacific and 65% globally) now having a next gen in the business • Despite this only 8% surveyed in Singapore (vs 12% in Asia Pacific and 15% globally) have a succession plan, a decline from 2016 figures of 10% (vs 13% in Asia Pacific and 15% globally)
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Siew Ling Ong

Siew Ling Ong

Press contact Manager, Brand and Communications
Candy Li

Candy Li

Press contact Team Lead - Brand & Communications
Si Jie Lang

Si Jie Lang

Press contact Consultant Brand and Communications +65 9825 1672

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Strong desire for family businesses to grow and ‘keep it in the family’, finds PwC survey

• Singapore's family owners have a strong desire to keep leadership and decision-making within the family, with 68% of respondents (vs 67% in Asia pacific and 65% globally) now having a next gen in the business • Despite this only 8% surveyed in Singapore (vs 12% in Asia Pacific and 15% globally) have a succession plan, a decline from 2016 figures of 10% (vs 13% in Asia Pacific and 15% globally)

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