RCBC Wealth gives a lowdown on common business succession issues

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The story "RCBC Wealth gives a lowdown on common business succession issues" was covered 17 hours ago by Business Mirror, a news publisher based in Philippines.

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RCBC Wealth gives a lowdown on common business succession issues - Business Mirror

Quick Summary:

Filipino family businesses face significant hurdles in succession planning, including poor communication, procrastination, and founder reluctance to embrace change, an expert said in a Rizal Commercial Banking Corporation (RCBC) event.

And third, it’s the reluctance of the founder and leader to effect the change. The Emperor Mentality is still very present today.

This continuity allows the bank to have a deep understanding of each family’s unique dynamics and financial goals, ensuring that legacies can be smoothly passed on to heirs,” Wieneke added.