FBN Indonesia Forum: Succession Strategy for Family Business

Event Details

Ensuring the continuity and prosperity of a family business across generations requires strategic planning, effective communication, and a deep understanding of both business and family dynamics. The "Succession Strategy for Family Business" event is a comprehensive forum designed to equip family-owned enterprises with the essential tools and insights needed to navigate the complexities of succession planning.

This event brings together experienced business leaders, family members, and industry experts to share their stories, strategies, and best practices for successful leadership transition. Attendees will gain invaluable knowledge on crafting robust succession plans, managing family dynamics, and addressing legal and financial considerations. Through interactive panel discussions, keynote presentations, and networking opportunities, participants will learn how to foster unity, preserve family values, and ensure the long-term success of their business.

Whether you are in the early stages of succession planning or looking to refine your existing strategy, this event will provide you with the practical guidance and inspiration to build a lasting legacy for future generations. Join us to connect with like-minded peers, engage with thought leaders, and take proactive steps towards a seamless and effective succession process.

Pricing Details

FBN Indonesia Forum (17 October)

FBN Member: $490 SGD

Non FBN Members: $690 SGD

Optional: Add on $80 for "Experiencing Compass" Half-Day Workshop on 18 October

Bundle Deal: Purchase 4 tickets & get 1 ticket free!

Agenda

October 17, 2024
October 18, 2024

October 17, 2024

Main Schedule

09:00 - 10:00

Registration

Enjoy coffee and light snacks during registration

10:00 - 10:10

Welcome

Salman Subakat (FBN Asia Indonesia Country Committee Chair)

SALMAN SUBAKAT

10:10 - 10:30

Introduction to FBN Asia

By Rena Chai (Executive Director of FBN Asia)

RENA CHAI

10:30 - 11:30

Panel Insights: Crafting a Succession Plan

• Hear from business family leaders, Dato' Loy Teik Ngan (Taylor's Education Group) & Shanti L. Poesposoetjipto (PT. Samudera Indonesia) about their experience nurturing and passing the reins to the next generation.

DATO' LOY TEIK NGAN

SHANTI L. POESPOSOETJIPTO

RENA CHAI

11:30 - 12:30

Building a Sustainable Succession Strategy

• How to structure a robust succession plan that integrates family governance, family dynamics, and essential financial and legal considerations.

MARCEL IRAWAN

SALMAN SUBAKAT

12:30 - 14:00

Lunch

14:00 - 15:00

Grooming the Next Generation for Business Leadership

• Explore strategies for grooming the next generation into a family business leader.

• Learn practical approaches to engage, inspire, and cultivate the next generation's potential, such as fostering emotional connection, leveraging mentorship, aligning personal interests with business goals, and managing expectations.

ALVIN YAP

15:00 - 18:00

Workshop: Communication Strategies for Effective Succession

What causes difficulties in communication between family members? How can we work through impasses in conflicts? In this workshop, participants will look at a family business case study to uncover some common issues that give rise to family business relationship conflicts.

A simulation role-play will be used to highlight the tools that can help families talk through their impasses. Some takeaways from this workshop include: understanding the role emotions play, clarifying subjective perceptions, and learning how to speak and listen effectively even discussing sensitive issues.

DR JOHNBEN LOY

18:00 - 18:30

Closing: Building a Lasting Legacy through Generations

DATO' LOY TEIK NGAN

18:30 - 19:00

Break

19:00 - 21:00

Dinner

*Program details are subject to change

Speakers

DATO' LOY TEIK NGAN

Executive Chairman at Taylor's Education Group

SHANTI L. POESPOSOETJIPTO

Chairman at PT. Samudera Indonesia

SALMAN SUBAKAT

CEO of Nurhayati Subakat Entrepreneurship Institute

RENA CHAI

Executive Director of FBN Asia

MARCEL IRAWAN

Partner at PwC Indonesia

DR JOHNBEN LOY

Founder & Clinical Director of Rekindle Therapy

ALVIN YAP

Principal Consultant, Group Managing Director of A.D. Financial Group

Teik Ngan is the Executive Chairman of Taylor’s Education Group, a private education provider in Malaysia with a portfolio ranging from primary to tertiary education. The scion of the Loy family, Teik Ngan took over the leadership of Taylor’s Education Group (TEG) in 2003 and has created many firsts in the country since.

A believer of the fact that every child has an unalienable right to education and a potential for greatness, Teik Ngan has raised the bar in the education landscape in the last decade, growing, revamping and redefining education from its traditional perception. He is also a strong advocate in people development, believing that quality education can only be delivered with talented academics and professionals.

Shanti L. Poesposoetjipto has been the Chairman of PT Samudera Indonesia Tbk since 2008. She received Diplom Ingenieur (Dipl.Ing.) in Electrical Engineering from the University of Technology Munich-Germany (TU-Muenchen), majoring in Computer Sciences in 1974.

Prior to serving as Chairman of the Company, she served as member of the Board of Commissioners from June 2000 until May 2008.

Currently, she holds a number of concurrent positions, among others Chairman of the Board of Commissioners of PT Asuransi Bintang Tbk, Chief Executive Officer of PT Ngrumat Bondo Utomo, Chief Executive Officer of PT NBU Indonesia Utama, Member of the Board of Commissioners of PT Inter Pariwara Global and Senior Business Advisor to PT Praweda Ciptakarsa Informatika.

She is also a Founding Member & Governing Council Member of Singapore Chamber of Commerce Indonesia (SCCI), Honorary Board Member of German-Indonesian Chamber of Commerce (EKONID), Member of Asia Pacific Council of The Nature Conservancy (APC-TNC), Founder & Chairman of the Board of Trustee of Fitrah Nusantara Family Business Foundation, and also Co-founder and Founding Board Member of Family Business Network (FBN) Asia.

In the field of education, she is currently a Member of the Southeast Asia Council of INSEAD Southeast Asia School of Management (France-Singapore), Chairman of the Board of Trustee of Yayasan Pendidikan dan Pembinaan Manajemen (YPPM), Member of the School Council of the School of Business and Management Bandung Institute of Technology (SBM-ITB), Chairman of Advisory Board of AIESEC Indonesia, Advisory Board Member of Sanata Dharma University-Yogyakarta, and Founding member of Wharton e-Fellow, Wharton Business School, University of Pennsylvania.

In 2002, she was awarded the “Woman Inspire Award of 2002” in the Information Technology Sector in the Asia Pacific region by Singapore Women Business Connection (WBC). At the 15th Anniversary of TNC Indonesia on 20 December 2006, the “Nature Steward” Award was officially conferred to her for her leadership and dedication in nature conservation in Indonesia. On November 2009, she was named as “2009 Woman Entrepreneur of The Year” at the Asia Pacific Entrepreneurship Award 2009 Indonesia, organized by Enterprise Asia. In July 2013, she was awarded the “Ganesa Wirya Jasa Utama” Award as a form of appreciation from Bandung Institute of Technology (ITB) for her achievement in the development of entrepreneurship in Indonesia.

In March 2016, she was conferred “Officer Order of Leopold” by the Kingdom of Belgium for her services in developing the business cooperation between Belgium and Indonesia as part of her duties as Chairman of Indonesia-Belgium, Netherlands and Luxembourg Chamber Executive Board (INA).

Salman Subakat is the CEO of NSEI (Nurhayati Subakat Entrepreneurship Institute), part of Paragon Corp, a leading beauty and personal care company in Indonesia known for brands like Wardah, Make Over, Kahf, and Emina.

Under his leadership, Paragon has expanded its market share, embraced digital transformation, and increased its presence both domestically and internationally. Salman’s focus on innovation, youth leadership, and education has been a key driver of the company’s growth. He has also improved team collaboration at Paragon, enhanced customer engagement, and developed effective marketing strategies.

Salman is recognized as a prominent business leader in Indonesia, known for balancing business success with ethical practices and social impact.

Rena brings a wealth of leadership experience to her role as Executive Director at FBN Asia, having held a senior leadership position at Microsoft Asia prior to joining our organization. With over 25+ years of experience in the technology industry, both in the United States and Asia, Rena has consistently demonstrated exceptional leadership skills, team management expertise, strategic planning abilities, and a strong focus on customer and partner engagement.

During her tenure at Microsoft, Rena’s outstanding performance and leadership qualities were recognized through the prestigious Gold Club award, which she received three times for her exceptional contributions to the company’s success.

Rena’s passion for sustainability and entrepreneurship aligns with our values and vision here at FBN. She is dedicated to making a meaningful impact by fostering community building and forging partnerships with the ecosystem.

Rena holds a Global Executive MBA from INSEAD, Business Sustainability Management certification from the University of Cambridge, and is a certified independent board director from INSEAD and certified Advanced Venture Capital professional through the Singapore Management University (SMU).

Marcel is a partner at PwC, leading the Entrepreneurial & Private Business (EPB) practice with over 22 years of experience across diverse industries. He primarily serves private and family businesses, their owners, next-generation family members, and tech-company clients ranging from startups to unicorns.

With extensive expertise in both audit and non-audit services, Marcel specialises in areas such as transformation, governance, risk and controls, business process review, environmental, social and governance (ESG), and family governance. He has a decade of experience conducting integrated audits under PCAOB standards. Marcel graduated from the University of Indonesia and holds certifications as a Certified Public Accountant (CPA) and Chartered Accountant (CA). He is also an FFI Certificate Holder in Family Business Advising (CFBA). Marcel has gained overseas working experience in Australia, Switzerland, and the United States of America.

Dr Loy is a Licensed Marriage & Family Therapist and the founder and clinical director of the premier family therapy centre in Malaysia: Rekindle Centre for Systemic Therapy. He received his MBA from Cambridge University, his MTS in counselling from Tyndale Seminary (Toronto), and his PhD in Family Social Science from the University of Minnesota.

He has given talks and seminars internationally for more than twenty years to corporations and the non-profit sector. He has lectured in undergraduate and graduate courses in the US and Canada on family therapy, family business, and entrepreneurship, and he has authored six articles on family business in academic journals. He holds a monthly radio talk show on BFM 89.9 radio, the premier business radio station in Malaysia.

Dr Loy’s doctoral dissertation Dynasting Across Cultures was the first study to develop a theory of Chinese family firms in Malaysia. In addition to his clinical and academic knowledge on family businesses,

He is a second-generation member of a three-generation family business. He and his family are active members of the Family Business Network Asia.

Download Program Overview

FBN Indonesia Forum (Updated 15 Oct).pdf

Venue

The Dharmawangsa Jakarta

Inspired by Indonesian art, tradition, and culture, this five-star boutique hotel has become the epitome of luxury and hospitality where spaciousness, serenity, and sanctuary are the hallmarks and the embodiment of classic Javanese style.

FBN Asia

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Event Details

Pricing Details

Agenda

October 17, 2024

October 18, 2024

October 17, 2024

Main Schedule

October 18, 2024

Main Schedule

Speakers

DATO' LOY TEIK NGAN

SHANTI L. POESPOSOETJIPTO

SALMAN SUBAKAT

RENA CHAI

MARCEL IRAWAN

DR JOHNBEN LOY

ALVIN YAP

Download Program Overview

Venue

Organizer and Partners