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Success and Succession: Challenges of Family Businesses in the 21st Century
28 June, 2017
6:30 pm - 8:00 pm
Some of the largest and most well-known brands in the world are a result of the stewardship provided by generations of family businesses. Household brands like Samsung, Tata, Volkswagen, Ikea, L’Oréal and The New York Times continue to make headlines and touch our everyday lives. However, despite having the kind of stability provided by long-term, committed and aligned shareholders, family businesses are facing increasing challenges.
Mr Yuelin T Yang, Deputy Group Managing Director at IMC Industrial Group will examine the performance of family businesses according to recent studies of listed family companies and the prevalence of such businesses around the world, especially in Asia and emerging markets. He will also delve into the peculiarities associated with these businesses including the politics, succession planning and concentrated ownership and its implications for corporate governance. He will also discuss further challenges of professionalising family businesses and attracting non-family talent.
With Distinguished Speaker, Mr Yuelin T. Yang, Group Managing Director, IMC Industrial Group
As Deputy Group Managing Director of IMC Industrial, Mr Yuelin Yang manages Industrial corporate and business relationships. Mr Yang is also responsible for multi-family office, Family Business Network program committee and IMC Group’s investments.
Mr Yang has been with IMC since 1995 and has held various senior appointments. Prior to joining IMC, Mr Yang was a member of Office of the Chairman Stan Shih and Associate General Counsel at Acer Computers in San Jose, California and Taipei, Taiwan. He started his career practising law in Silicon Valley at the Cooley Godward and Brobeck Phleger law firms.
Mr Yang is on the Asian board of Directors for Verlinvest (the family investment vehicle for the Belgium families who are major shareholders of AB InBev), World Economic Forum’s Global Agenda Council for ASEAN and the Family Business Advisory Committee of Insead. He is a member of the Pacific Pension Institute (San Francisco), the Council of Asian Corporate Governance Association (Hong Kong), and the Industry Advisory Council of NUS Business School’s entre for Governance, Institutions & Organizations.
Mr Yang received a Bachelor of Science in Industrial Engineering from Stanford University and a JD from Stanford Law School.