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
• 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)
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.
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 151 countries with over 364,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com/sg.
