Why hand­ing over is hard to do

Pass­ing con­trol from one gen­er­a­tion to the next is a crit­i­cal mo­ment for a fam­ily busi­ness. It can be a pos­i­tive, but of­ten busi­nesses lose mo­men­tum. It can bring a fam­ily to­gether, but all too of­ten it drives a fam­ily apart

Hong Kong Tatler - - | Tatler Focus Hsbc Private Bank -

The next gen­er­a­tion may also be sen­si­tive to wider is­sues such as the firm’s so­cial and en­vi­ron­men­tal in­flu­ence; in their view it may not be just about the eco­nomics.

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