Roundtable 2009 Message from the Director

Roundtable 2009 Information
Message from the Director
Program Schedule
Summary of the Sessions
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Family business is a fascinating subject.

It is fascinating because its reach is so wide. Across the globe family business represents a significant proportion of business in general. In the United States, 35% of public companies in the S&P 500 are family-owned, as are 46% of S&P 1500 firms. In Hong Kong, the share is about 70%. In Europe, family business is not only prevalent but also having histories that transcend centuries. Still more fascinating is the fact that family business represents a wealth of knowledge yet to be tapped.

Our Center believes that one of the ways to promote greater knowledge and understanding about these businesses is to bring together academic researchers and practitioners. Through dialogues and sharing of information proactively, practitioners will be able to know more about the most current academic insights, while researchers can gain access to information that would help their research.

With this in mind, the Center organized the first HKUST Asian Family Business Roundtable in August 2009. It attracted more than 120 participants from Asia and North America, the largest academic-practitioner conference on family business so far in Asia.

Topics of the Roundtable covered the differences between East and West in succession planning, family governance, professional managers in family businesses, financing growth and whether family businesses in Asia were different from those elsewhere. There was also a research talk on private wealth management.

This publication provides summaries of the discussions that took place during the event. It contains crystallized thoughts and insights that will be helpful to anyone who is interested in understanding more about family business.

I hope you enjoy reading it. We welcome your feedback. Feel free to contact us at

Roger King, PhD

Adjunct Professor in Finance
Director of Tanoto Center for Asian Family Business and Entrepreneurship Studies
Hong Kong University of Science and Technology
More Details:

The Ins and Outs of Family Business
A detailed summary report of the roundtable can be downloaded here.
Roger King Director
Roger King