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 event.
A recognized expert in family business governance and succession planning, Soriano hopes to guide participants on crafting strategies that ensure business continuity, sustainability, and legacy building. Soriano emphasized that in order to ensure legacy, business owners must learn how to lead the change.
“RCBC Wealth prides itself on the longevity of client relationships that span multi-generations. 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.