The late Lee Man Tat was grandson to the founder of Lee Kum Kee (LKK), a billion dollar international conglomerate that began in 1954 with the sale of oyster sauce.
While some family businesses struggle beyond the third generation, the LKK family objective is “the next 1,000 years”. Through his commitment to family governance, Lee Man Tat ensured that each of his children was involved in the family company and his grandchildren (generation five) were also becoming engaged.
This article outlines five tips for families following Lee Man Tat.
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