KUALA LUMPUR: There appears to be a lack of proper succession planning among family owned businesses in Malaysia generally, said PwC Malaysia’s entrepreneurial and private business leader Fung Mei Lin.
Citing results from the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) Family Business Survey Report 2018 conducted among almost 100 family businesses, Fung said that many of these businesses don’t have a written succession plan.
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