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

TOP PICKS

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
READ FULL ARTICLE
Morten Bennedsen

Morten Bennedsen

Morten Bennedsen is the André and Rosalie Hoffmann chaired professor of family enterprise and academic director of the INSEAD Wendel International Centre for Family Enterprise

Brian Henry

Brian Henry

Brian Henry is a research fellow at INSEAD