Family-controlled businesses now make up 19 percent of Fortune magazine’s list of the world’s biggest companies.
In Southeast Asia, 85 percent of more than one billion businesses are family operated.
How do family businesses differ from others? How important is it to have a succession plan? CCTV’s Miro Lu interviewed George Huang, the fourth-generation manager of the 100-year-old Singapore company Amoy Canning Corp., to find out.