As a young nation it is great to see family firms that have lasted longer than the country itself.  Some of the oldest firms in Singapore are family owned and run but they recognise the need to remain current and innovative too.

Prof Koh sums things up nicely by concluding that these firms display resilience, work to remain relevant and crucially "need to be rejuvenated at every generation as if it was the first, creating value with the entrepreneurial zest just like the founding generation."

A great insight into what remains a concern and a challenge for many family firms the world over.