The Market Monitor Minding the Nation's Business
EastWest Priority, the wealth management arm of EastWest Bank, brought together business owners and family enterprise leaders for a forum on managing family relationships, leadership succession and long-term business growth.
Held at Fairmont Makati, the event featured Dr. Marleen Dieleman, a family business expert and professor at IMD Business School, who discussed strategies for navigating challenges in family-owned enterprises.
Drawing on the principles of distributive justice, Dieleman examined how family businesses can address differences in the skills, contributions and motivations of next-generation members while preserving trust, unity and business continuity.
She emphasized the need for clear principles and governance structures as family enterprises expand, particularly when making decisions involving succession, ownership and the participation of family members.
These frameworks can help establish expectations, guide decision-making and manage potential conflicts, allowing family businesses to maintain stability while preparing the next generation for leadership.