Li and Fung Group chairman William Fung Kwok-lun (Left) and CEO Spencer Fung. Founded more than 100 years ago, the Fung family have steadily built the company into one of the world’s largest global supply chain firms. Photo: K. Y. ChengLi and Fung Group chairman William Fung Kwok-lun (Left) and CEO Spencer Fung. Founded more than 100 years ago, the Fung family have steadily built the company into one of the world’s largest global supply chain firms. Photo: K. Y. Cheng
Li and Fung Group chairman William Fung Kwok-lun (Left) and CEO Spencer Fung. Founded more than 100 years ago, the Fung family have steadily built the company into one of the world’s largest global supply chain firms. Photo: K. Y. Cheng

It’s all relative: the four keys to family business longevity

Surprisingly few company founders take the time to plan ahead when handing over the reins to the next generation. Here’s why it’s worth the trouble

Topic |   Management
Li and Fung Group chairman William Fung Kwok-lun (Left) and CEO Spencer Fung. Founded more than 100 years ago, the Fung family have steadily built the company into one of the world’s largest global supply chain firms. Photo: K. Y. ChengLi and Fung Group chairman William Fung Kwok-lun (Left) and CEO Spencer Fung. Founded more than 100 years ago, the Fung family have steadily built the company into one of the world’s largest global supply chain firms. Photo: K. Y. Cheng
Li and Fung Group chairman William Fung Kwok-lun (Left) and CEO Spencer Fung. Founded more than 100 years ago, the Fung family have steadily built the company into one of the world’s largest global supply chain firms. Photo: K. Y. Cheng
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