Karl Kwok talks business tricks learned from years of sailing as he calls for Hong Kong to Hainan record in the hands of a local

Karl Kwok has led an illustrious business career that has taken him to the top of some of Hong Kong’s largest companies, but many of the skills he uses were honed on a boat. He is setting off to break the Hong Kong to Hainan record aboard his 70 trimaran the Beau Geste. “When you are sailing on a cruiser you really have to think about management,” he said. “Management of personnel, management of personalities, management of logistics. It is not much different [from the board room].” Kwok added you have to be in tune with the team so you can see when crew members are feeling down or angry. “Changing environments can be stressful,” he said. “They are professional, they are not going to lose their temper. But you have to be aware of what they are feeling. You know, it’s like in work, you are not going to lose your temper with your boss [so they will not let you know how they are feeling].” Empathy helps the teams tick, but one time he employed a more basic tactic. “I did use a business trick one time, but a long time ago,” he joked. “I said, if we win this one you all get a bonus and we won.” Once each race is over, Kwok and his captain have a meeting and conduct appraisals on each crew member so they can better learn to manage them and so the crew themselves can improve. There is safety to consider too and Kwok has to comply with regulations, just as with his two listed companies – Wing On Company International and Tai Cheung Holdings – where he is CEO and director respectively. “Everything adds together and in some sense it is like work,” he said. “But on the other hand this is the only game in town that the return in capital is not considered.” Given the wealth of lessons available on board, Kwok thinks children would benefit from learning to sail. Karl Kwok’s MOD Beau Geste shatters China Sea Race record by more than nine hours “Some of these people [sailors] have finished high school, they haven’t gone to university but they’ve had vigorous training and gone into business,” he said. “Typical Hong Kong parents wouldn’t let you do that. You have to study first!” The Hong Kong to Hainan race started on Thursday morning and the leaders are expected to finish early on Friday morning. Kwok spoke before the race at the Royal Hong Kong Yacht Club about his plans to set the record. “This boat’s whole aim is to break records,” he said. “I thought if I don’t establish a record someone else will come and I think it should be a local boy.” There will be a following wind, the perfect conditions for sailing in a multihulled boat. But Kwok is conscious not to push it too hard and risk flipping the boat. Arctic sailing gets tourists up close with nature and melting glaciers between Norway and the North Pole Trimarans are fast, but this 70-foot model in particular is susceptible to capsizing, or pitch poling – when the boat rides a wave so fast its bow ploughs into the wave in front and it flips end over front. Beau Geste has never flipped. “It depends on the skill of the crew,” Kwok said. “But when these boats flip, it is not even human error it is human nature. When another boat [a competitor] is right there, you keep pushing and pushing.” And there is likely to be another boat right there as Kwok has stiff competition in the form of the new Scallywag trimaran. It is the first time the two trimarans have raced against each other. Both boats can reach speeds over 30 knots (55 kilometres per hour), but Kwok thinks the night racing will be the difference. “Day time and night time racing are totally different. If you manage to stay on pace in the dark you are probably way ahead of the others,” Kwok said. Go Hainan? China tries to woo the world to its Hawaii Man dies after Volvo Ocean Race yacht hits mainland Chinese fishing boat near Hong Kong The Scallywag brand is famous after one of its other boats competed in the Volvo Ocean Race, a round the world trip, which saw them lose a crew member overboard. The race was full of drama, including the death of a Hong Kong fisherman when Vestas – an American boat – collided with a fishing boat as it entered the harbour at night. “In Hong Kong you have races that go through a bunch of islands – it can be scary,” Kwok said. “You look at the hills and they are very tall. It’s dark. And there are lots and lots of fishing boats. With lights around, it can affect the helmsman’s eyes and it can take time to recover.” He added that the fishing boats can be a hazard, and sometimes string nets between two boats so you have to guess what they are doing. Kwok said: “That Volvo boat that hit a fishing boat, everyone knows it is very hard to see these boats when you are going very fast.” Vestas crash death: co-skippers speak for first time on tragic Volvo Ocean Race collision that claimed fisherman’s life *Since publishing Kowk set the Hong Kong to Hainan multihull record aboard his MOD Beau Geste, arriving in 24 hours, one minute and 59 seconds, just missing the overall race record of 23:31:52. Kwok and his crew arrived in Hainan on the trimaran on Friday morning.

Karl Kwok talks business tricks learned from years of sailing as he calls for Hong Kong to Hainan record in the hands of a local

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}The CEO believes sailing is not so different from corporate management and says children have lessons to learn outside the classroom

The CEO believes sailing is not so different from corporate management and says children have lessons to learn outside the classroom