Family Role in a Public Listed Company

Listen to Dr. Lee Oi Kum explain her role as a family member in a publicly listed company. In a publicly listen company, roles of family members may be more indirect rather than have a direct impact on the company. Direct work on a family business as well as indirect work is necessary to maintain the success of a family business.

Basically, we just look at broad issues and we are just still in the position whereby we do not impact the business, because we did a very arms-length for the public listed company. So the public listed company makes the decisions independent of the holding company. But I began to get more involved in the private holdings, there’s a property development. And we also had a lot of intrapreneur exposure at that point in time. So that was my experience, you know, it was a series of growing up, of 20 years from acceptance to thinking that, yes, I have a role to play.