PwC’s NextGen Survey 2022 Asia Pacific and ASEAN highlights
43% of the next generation of family business leaders surveyed in Asia Pacific are more committed to their business than before the pandemic
67% recognise that their business has a responsibility to fight climate change and its related consequences
Only 12% say they emphasise cyber security and privacy as a priority for their family b
75% of next generation (NextGens) of family businesses are deeply engaged in the business, according to PwC’s Global NextGen Survey 2019 In Singapore, 59% already hold a management role in the business Significant minority do not feel they have a ‘licence to operate’ with 42% saying that their current level of expertise is a major constraint on having the impact they would like to have Current
• 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)
Date
25 May 2018
Contact
Sophie Gan, Singapore Chinese Chamber of Commerce & Industry
Tel: +65 9658 6594
E-mail: sophie@sccci.org.sg
Joanne Ang, Singapore Chinese Chamber of Commerce & Industry
Tel: +65 6430 8290
E-mail: joanne_ang@sccci.org.sg
Charlene Loke, PwC
Tel: +65 8729 038
Date2 November 2016
ContactNatalie Choo
Tel: +65 6236 4309
Mobile: +65 9738 1415
E-mail: natalie.yl.choo@sg.pwc.com
Candy Li
Tel: +65 6236 7429
Mobile: +65 8613 8820
E-mail: candy.yt.li@sg.pwc.com Slow or no progress on strategic planning could impact growth Not all family businesses in Singapore are strategically ready for the digital ageGap in the alignment of famil
Date19 May 2016
ContactCandy Li
Tel: +65 6236 7429
Mobile: +65 8613 8820
E-mail: candy.yt.li@sg.pwc.com
Natalie Choo
Tel: +65 6236 4309
Mobile: +65 9738 1415
E-mail: natalie.yl.choo@sg.pwc.com
PwC launches new Centre for Family Business Excellence in Asia Pacific
Singapore, 19 May 2016 – In response to growing demand from family businesses in Asia P
New research by PwC finds that the next generation of family business leaders are well prepared, confident, and above all they have great ambition – both for themselves and for their firms.
Family businesses are highly relevant to the Singapore Chinese Chamber of Commerce & Industry (SCCCI). Many of the SCCCI’s council members and members belong to family businesses. In this context, the SCCCI and PwC are signing an MOU to collaborate on an in-depth study into the key issues and challenges relating to family businesses.
Family businesses must adapt faster, innovate sooner and become more professional in the way they run their operations if they are to remain successful. These are just some findings of the latest PwC survey of 2,378 family business executives in more than 40 countries worldwide. The report, titled Up close and professional: the family factor, is PwC’s seventh survey of family businesses globally.