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)
