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steward

February 10, 2010

When a founder passes and leaves the business to his children, it can have many implications if the children take different approaches to management or do not get along, writes Christian Stewart

When a founder passes and leaves the business to his children, it can have many implications if the children do not get along, writes Christian Stewart

In an Asian family business, the traditional approach is for the founder to leave ownership in equal shares amongst his children. Whilst the founder is alive the family is kept united. But when the founder is no longer around, can the siblings work together as equal owners to continue the family firm?

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