STEWARDSHIP PRINCIPLES FOR FAMILY BUSINESSES

Family businesses form the backbone of Asia's economy. They are a formidable component in any economy to help shape the larger community, building value for the long-term above and beyond wealth creation, for generations to come. 

Stewardship is a defining hallmark of successful and enduring family businesses. Guided by their values and purposes, successful family businesses remain resilient in the face of changing times and disruptions, overcoming adversity and outperforming their competitors. 

Published through extensive collaboration, consultation and research, Stewardship Principles for Family Businesses (SPFB) aim to guide family businesses in the Asia context and beyond, by articulating the right mindset, attitude and practices that foster successful and sustainable Family Businesses.

SEVEN PRINCIPLES 

Termed the Stewardship Principles for Family Businesses (SPFB), they aim to articulate the mindset and attitudes, as well as behaviours and practices that would foster success, significance and sustainability for family businesses. These Principles intend and hope to inspire reflections and actions for those who are committed to stewarding their organisations towards sustainable success.

Family Business: Stewardship in Action

Listen to the founders and next generation leaders as they share their thoughts on the Stewardship Principles for Family Businesses and how they apply it within their own businesses. 

  • Claire Chiang, Co-founder, Banyan Tree Hotels & Resorts
  • Ho Ren Hua, CEO, Thai Wah Public Co
  • Ho Ren Yung, Assistant Vice-President, Banyan Tree Spa & Gallery
  • Cecile Ang, President, Diamond Hotel
  • Mercedes L Vargas, President & Executive Director, Lopez Group Foundation
  • Marianna L Vargas, Partnership Officer, Oscar M Lopez Centre 
  • Jonathan Tahir, Deputy Chairman, Mayapada Group

Stewardship Principles for Family Businesses: Our Journey Across Asia Pacific

Family businesses form the backbone of Asia’s economy. While family businesses play an integral role in shaping the economy, they are also faced with unique challenges. In 2018, SAC embarked on a campaign across to promote and better understand stewardship in family businesses, with the Stewardship Principles for Family Businesses (SPFB) forming the basis of this campaign. Read more here.

Japan, Philippines, Indonesia, Singapore,

Thailand, Australia and Malaysia.

MEDIA

Making family businesses work

Stewardship values are key to the enduring success of family businesses. Ong Boon Hwee, CEO of Stewardship Asia, shares insights on the seven Stewardship Principles for Family Businesses in Makati City, to help guide family-run companies navigate the challenges they face in building a resilient and responsible organisation that is successful for the long-term.

 

January 2, 2019

 

Source: INQUIRER


A thriving family business takes work

What are the values that have been passed down and need to be passed down when running a family business? How different is it than running commercial public corporations? And does an ownership mentality hinder or aid the business? We find out from Jesher Loi, Director of Branding and Market Development of Yakun.

 

January 18, 2019

 

Source: Money FM 89.3


Why Stewardship is key to lasting family businesses in Asia 

Filippino family businesses are a force of good in society. They have achieved significance, long-term endurance and success in their respective industries. Very often, researches find that these companies possess two common traits – good governance and good stewardship.

 

October 22, 2018

 

Source: Business World 


Stewardship Asia Centre publishes 'Stewardship Principles for Family Businesses'

Featured in the Mindanao Times: Stewardship Asia Centre (SAC) has published the ‘Stewardship Principles for Family Businesses’ – a guide intended to help family businesses across (and beyond) Asia, to focus on stewardship. These broad principles aim to articulate the mindset and attitudes, as well as the behaviours and practices that would foster the success, significance and sustainability for family businesses (FBs).

 

October 10, 2018

 

Source: Mindanao Times


Stewardship Asia Centre publishes 'Stewardship Principles for Family Businesses'

Stewardship Asia Centre (SAC) has published the ‘Stewardship Principles for Family Businesses’ – a guide intended to help family businesses across (and beyond) Asia, to focus on stewardship. These broad principles aim to articulate the mindset and attitudes, as well as the behaviours and practices that would foster the success, significance and sustainability for family businesses (FBs).

 

October 2, 2018

 

Source: Stewardship Asia Centre CLG Ltd