Helping Myanmar Family Businesses Thrive

June 8, 2018

Myanmar family businesses learned about effective corporate governance structures that would help them sustain their growth at a breakfast briefing organized by MIoD today. Global statistics show that only one in three family businesses survives the founder. Improved governance will boost the performance of businesses, making them more attractive to investors and increasing their long-term sustainability.

At the briefing, world-leading family business governance expert Professor Joseph P. H. Fan provided an overview of key challenges facing family businesses in Asia and how to address them.

“It is critical for Myanmar family businesses to learn to professionalize their management teams and set up the right governance structures to cope with the demands of a growing business,” said Daw Win Win Tint, an MIoD board member and CEO of City Mart Holding Co., which started as a single supermarket to become one of the largest retail chains in Myanmar. “This will help build a sustainable operation, reduce the possibility of family feuds, and ensure successful succession across generations.”