FOUR SEASONS HOTEL SINGAPORE
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Family Business Network (FBN) Asia is a regional chapter of FBN International, a private, not-for-profit organisation representing family businesses in 65 countries across 5 continents. Based in Singapore, FBN Asia covers China, Hong Kong SAR, Taiwan, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam and Sri Lanka. Our vision is to create a vibrant community of family businesses that serves as a model of sustainability.
Visit our website for more details.
To be a model of sustainability, family businesses need to develop mastery in three domains – self, family and business. We aim to help our members discover, through shared learning, the purpose of servant leadership, the promise of harmonious families and the potential of every family leader to be responsible stewards of business.
FBN Asia serves its members in the areas of capacity building, networking and research.
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In this workshop, participants will be introduced to key concepts in family dynamics that undergird good and poor family functioning. Through a multi-perspective case study and role-play, participants will be introduced to an experience of a family in conflict, and how a family business facilitator would guide the family to have a productive conversation together.
[ Presentation + Panel Discussion ]
Part I. Presentation on UBS CIO Outlook – A Year of Inflections
Headwinds from inflation, central bank tightening, volatile markets, geopolitical tensions peppered 2022 and remain front and center. By most counts, 2023 will be a critical year of inflections as investors try to identify key turning points and successfully navigate the volatility. This session will highlight the key trends we think will shape the investment landscape going forward and our top investment ideas for both the year and the decade ahead.
Part II. Panel Discussion
As markets become more correlated than ever, what strategies are family offices employing to generate alpha? How do they protect their returns and manage investment risk? Where do they find new sources of return in this current investment environment? Are family offices making a real difference focusing on ESG?
Hear our speakers
Culture change is the toughest frontier to crack. The difficulty starts with even understanding how to think about culture, and what the levers for change would be. In this session, Elaine Yew of Egon Zehnder, an experienced practitioner in the field of organizational development, would offer an introduction to a framework for thinking about culture and how to stimulate culture change.
We would then hear the experience of a family business that has used this approach, followed by small group discussions to share experiences and ideas.
When most people think about family businesses, transformation and innovation are not likely the first things that come to mind. Doing things, in more or less the same way, as it has been done, by prior generations is probably how most people think about family enterprises.
However, for us family businesses, we know that continual transformation is vital for our businesses to thrive for generations. Yet, re-imagining the business, while continuing to embrace the family legacy, is never easy as all of us have heard stories regarding strong resistance against changes not just from within the family but also from long-standing employees as well.
Hear our speakers share how each of them either led or played significant roles in re-imagining each of their family enterprises. Hear their stories, both the wins as well as their challenges and how they successfully transformed their family businesses.
With the rapid growth in family offices setting up in Singapore and new regulatory changes introduced to raise professionalism and quality of family offices, family offices are entering a new era of rising expectations, with direct implications on how these offices are run. Adding to that, evolving developments like exchange of information, emergence of digital assets and BEPS 2.0 introduce greater complications for family offices to consider. How should family offices approach issues such as risk management as well as technology and talent management against such a background? Find out more in this session on steering your family office through such an ever-changing landscape.
Family ownership confers advantages on a business such as a long-term orientation, continuity in the manner the business is run, and stronger alignment of management and shareholder interests. Family-owned companies are also confronted with challenges which risk destroying shareholder value or even the business itself, particularly with succeeding generations. Corporate governance measures help mitigate against these risks and are often essential for sustained value creation and legacy preservation. This session will highlight the value of an effective Board and articulate best practices that family firms can adopt to institutionalise this core element of good corporate governance.
To be updated
Innovation is the key to sustained value creation. Bain & Co’s work with 1000s of companies across the world indicates that the ones that are consistently outperforming their peers and are generating value for their shareholders are the ones that continue to innovate – especially during times of uncertainty.
In this session, we will discuss what the common criteria are that these winners demonstrate, and to leave behind a set of indicators that you may use to track your organisations readiness to step into the period of uncertainty that is inevitable over the next 12-18 months.
As leaders and family members, we constantly aspire to be effective and strengthen relationships to create more harmony within our families and in our businesses. As we nurture our relationships, it is critical to be aware of a little-known problem called self-deception, that undermines our efforts. This problem is NOT external BUT internal. Understanding and neutralizing self-deception, can in a deep way, free us of the entanglements that complicate our personal and professional lives.
In this 90-minute session we will explore self-deception, how we get into it and what we can do about it.
Dialogue on the Role of Family Businesses in the Economy with Guest-of-Honour Mr Tharman Shanmugaratnam
(Senior Minister and Coordinating Minister for Social Policies, Government of Singapore)
