In his presentation, he talked about the succession issues faced by family businesses, such as how to integrate new leadership into the firms, what kind of leaders were needed, and different generations’ mindsets in governing a family business. He concluded by saying that although family businesses might not make as much profit as private businesses, they tended to have a higher chance of survival compared with private businesses. The ensuing discussion raised interesting issues such as the differences between family businesses in Europe and Asia, and whether the same succession issues identified could apply to the worlds of politics and monarchies.