In Asia many family owned companies are listed and sadly when it comes to succession, there are numerous instances of dispute, families coming to blows and the 'washing of dirty linen' in public.

Much is driven by money and wealth, greed coming to the fore at the expense of family relationships and it is always sad to see. A lot is written about the succession of management and who should lead these firms going forward and clearly documented policies on appointments, roles and responsibilities can go a long way to manage stakeholder expectations, provide security for everyone involved in the business and to help set a framework to minimise the risks of family squabbles too.