Kota Kinabalu: The Malaysia-China Chamber Of Commerce (MCCC) Sabah has set up a Next Generation Entrepreneur Committee (NGEC) to avoid problems in the family business succession.
The worrisome matter of passing on the torch to an ill-equipped heir is faced by many successful business owners worldwide, according to MCCC Deputy President Datuk Dexter Lau.
“Kids nowadays spend their time glued to their phones. We want to instil in them the values of hard work and productivity. Their parents have worked so hard to get to where they are now.