Siblings as Co-Presidents

Listen to Annie Koh as she talks about the benefits of sibling co-presidency.

I think it resonates quite well with some of the families that we have been seeing, they actually allow for the team and sibling relationship to run the business together. I’ve seen two brothers running a shipping company and they have very clear roles and so there’s no conflict between them. So this co-presidency role is actually quite powerful because they are leverage[ing] on each other’s strengths, so that again speaks quite well for many of the Asian families sharing the portfolio and sharing the responsibility. Of course, sometimes if the family business grows too big then they could have divided it in terms of market segments, so one brother or one sibling could be in charge of one part of the continent and another sibling could be another part of the continent. Or it could be segments of the market, so it could be upstream, on sibling in charge, downstream, another sibling in charge. So I think that kind of sharing of role resonate very well for many of our Asian family business.