Family before fortune

ON BEHALF of the W+B Family Advisory Group, the event organizer Icon Executive Search and education partner EXCED Institute, I want to personally thank all the participants who graced the second W+B Family Business Conference titled: “Can family-run business last forever: A talk about building 100year-old enterprises,” last Aug. 31, 2019 at the Manila Marriott Hotel. Thank you to Sunstar for the media support.

I hope that everyone found the conference informative and worthwhile. The primary goal of the forum was to bring together governance leaders (Institute of Corporate Directors, wealth preservation and risk experts—deloitte and Bank of Singapore) under one roof to discuss multi-generational issues that are currently confronting 92 percent of the family-owned and-managed businesses in the Philippines.

Our objective was to share powerful strategies related to family and corporate governance practices and inspire everyone by inviting a pragmatic enterprise-founder/chief executive officer and thought leader William Tiu Lim, who willingly and generously shared his vision and legacy initiatives geared towards transforming the business he founded, Mega Global, to centennial status or 100 years old.

Your presence helped make the event a huge success, making it the biggest gathering of family business leaders in years. Rags to riches to ruin Few family corporations have survived way beyond three generations— a curse that summarizes the life cycle of a business from rags to riches and then ruin. In the three-generation effect, a family corporation usually starts with the pa