The family business is that, in which one or more members of one or more of the families have a significant interest in property and significant commitments to the business of the general welfare. In some countries, several of the largest listed companies are family businesses. A company says the family if the person is the majority shareholder, a person (instead of a state, trust management, society or a mutual fund) can collect enough shares to ensure at least 20% voting rights and the highest %age of voting rights than other shareholders.
The Family Businesses Asia is a vital source of private wealth in Asia. Similarly, much of Asia wealthy families are in the business. Over the past 20 years, these companies have seen spectacular changes in the global economy. In addition, focus on the family that established Asian cultures have not been untouched by the cultural globalization and economic, which has become in it’s arouse. The level of understanding of Asian families in the family patrimony has also evolved. Because the private wealth in Asia, unlike Europe and The United States was largely self-made rather than innate, until recently, Asian families focused exclusively on financial markets aspects of wealth. During Transferring ownership of a family business from one generation to another is full of traps. Like many parents and other stakeholders to join the company, the structure of decision-making becomes difficult.
The other term Asia Business Network (ABN) or Business Network Asia is an exclusive organization of network executives based in Hong Kong, which aims to provide objective-based and physical business solutions throughout the Asia-Pacific and China for its members. Members are invited to argue their business issues, ideas and challenges in an intimate and unique setting. This forum encourages the swap over of business plans, shared ideas and information and tools that can help to develop the pool of its resources and network to help create viable and valuable network covers a cross section of many industries in a unique accent on helping each other to achieve the measurable objectives and the support member toward the goals. Bridging the values and experiences of each member, people are encouraged to show in detail all the company information in a confidential environment to create peer group timely assistance, accountability and capacity to meet the objectives of member appears. ABN mission and culture is to promote continuous improvement of the canals, excellence, building leadership, problem-solving, teamwork, and creative vehicles to achieve business success at all levels.
Single family offices (SFO) or Single Family Offices Asia are qualified organizations devoted to managing the life of very rich families and personal fortunes. The modern small family office began to take form in the mid 19th century, with the growth of trust companies and private banks created to help the Industrial Revolution’s entrepreneurs supervise their capital. Their charge was and still is to protect their picky family’s property and investments for both subsequent and current generations. Since the beginning, wealthy families have been attracted to SFOs, rather than to investment companies, commercial banks or other riche optimization services, because of their pledge of distinctiveness, customization and privacy.