Four Characteristics Of Family Business Succession In Taiwan

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The succession study shows that, like other Chinese family businesses, Taiwan family businesses also have the tendency to separate families from each other.

First, group enterprises have entered the third generation succession.

Many of the traditional enterprises in Taiwan started early.

Many of them have entered the stage of large scale diversification. The family generation has mostly entered the second generation, and the two generation of senior citizens has begun to train third generations of successors.

Generally speaking, most of the new generation entrepreneurs of the group enterprises have good educational background. There are few academic qualifications in overseas universities. They have some basic training and ambitions in the enterprise, and they are trying to pform and pform the existing business.

The new generation of entrepreneurs often went directly to family businesses, and after their succession, the elders came back to help and observe the scenes.

Generally speaking, the new generation of entrepreneurs is different from their previous generation. They are very low-key after taking over, and rarely speak directly to the outside world.

Because the change of business environment is different from that of past history, after the incubation period of the board of directors, the "elevator" mode is rapidly promoted to take over quickly instead of the traditional "stair climbing" tortoise speed succession mode or the external "airborne" mode.

Among them, Jiaxin, Cathay, China and Evergreen Group are all cases of this type.

Jiaxin cement is one of the three largest cement industries in Taiwan.

It has been more than 60 years since Zhang Minyu founded Jiaxin group.

After two generations of Zhang Yongping and Zhang Anping brothers' operation, Zhang Gangguan, who took the baton to the third generation this year, officially took over as chairman.

Zhang Gangguan was born in 1971 and graduated from University of California at Berkeley and Massachusetts Institute of Technology in Boston with a degree from a university and Research Institute. After graduating in 1999, he entered the company to build a cement plant in China. In 2003, he joined the board of directors and served as general manager. He has experienced more than ten years' experience, and has vigorously promoted real estate development and other new businesses in recent years, and promoted the pformation of traditional cement business.

Taiwan's largest financial group.

Cathay Pacific Financial Control in Cai family after a generation of brotherhood division, the two generation second son Cai Hongtu is currently in charge of Shuai Qi, in recent years also separated from his brother.

Cai Zonghan, the three generation's eldest son, studied at Harvard University in the United States. He received a doctorate degree from Georgetown University. He served as a lawyer in the United States for two years. After returning to Taiwan in 2004, he became a family holding company. When he was only 29 years old, he entered the board of Cathay Pacific Life Insurance Board and actively participated in the group's important projects and investment decisions.

The domestic group is an old diversified group in Taiwan, founded by Lin Deng, and owns diversified businesses such as cement, aviation and preservation.

After the pformation of the two generation of Lin Xiao Xin's stride group crisis, the group gave the group aviation to the eldest son and gave it to the second child management.

The third generation successor, Lin Mingsheng, is the eldest son of Lin Xiao Xin. He was born in 1973. He was educated by American style from 1973. He graduated from the business management department of Georgetown University in 1995. He got the post doctorate of Hasting law in the University of Hong Kong in 2004. He began to enter the ZTE preservation work under the group. He served as director of revival aviation in 2004, and became the chief of Zhongxing conservation group in 2007.

Lin Jianhan, the second son, was responsible for the Zhongxing preservation system. After obtaining the master of business administration in England, he entered the company to start at the grassroots level.

The three generation of brothers joined hands with the two generation of fathers.

Evergreen Group is the largest private aviation and shipping group in Taiwan, spanning many aviation and shipping businesses.

Evergreen Group, founded by Mr. Zhang Rongfa, is now 85 years old, and its fourth son, Zhang Guowei, was born in 1970. He studied in the United States in 1970. He entered the group in 1996, served at the grass-roots level, and served as assistant in 2002. He went to the United States to study airplane driving, and then rose to the general manager in 2010. He took over as chairman of the board at the end of 2000, and now he has officially taken over the whole aviation industry.

Two, women take over and perform well.

Baocheng group is the largest shoemaking factory in the world. Cai Qirui, chairman of the board, started his business together with his brother in the early years, and his territory crossed shoes, technology, finance and retail businesses.

In recent years, after discussing with the brothers, the group handed over to Cai Peijun, the two generation's eldest daughter.

Cai Peijun graduated from the Wharton School of business in Pennsylvania University. Cai Peijun was born in 1979. He has entered the company and has been working as a special assistant and director in the school. He took over as CEO of the group in 2012, vigorously promoted group focus strategy, and dealt with several non core businesses.

Zheng Long is a large industrial paper mill in Taiwan, which straddles paper and real estate development.

Following the separation of the early sibling family brothers and sisters, Zheng Zhenglong was in charge of the chairman of the board. Chen long did not turn over to the eldest son at last, but his daughter Zheng Shuyun took over the position of chairman in 2010.

Born in 1975, she returned to Taiwan after studying in the United States. She joined the group and took over as vice chairman in 2005. She has been in the company for more than 10 years.

Cheng pin group is the most representative brand of life in Taiwan, which includes sincere goods bookstore and sincere life.

Cheng pin was founded by Wu Qingyou. Her daughter, Wu Minjie, was born in 1978. After studying in England, she returned to Taiwan in 2004 and entered the company as a special assistant. She was promoted to deputy general manager in 2007 and vice president and general manager in 2010.

In recent years, efforts have been made to promote the listing of enterprises and overseas and mainland businesses.

Three, in addition to children's succession, son-in-law also occupies a place.

Although the succession type is still dominated by direct blood relatives, the rise of son-in-law should not be underestimated.

A unified enterprise is a typical example.

Unifying group is the largest food group in Taiwan. Its undertakings spanning technology, real estate development, department stores, finance, food, and so on, all over the mainland and Asia, from manufacturing, to brand circulation, such as the unification of 7-11 and Starbucks., founded by Chairman Gao Qingyuan, and his son-in-law, Luo Zhixian, has entered the unified enterprise from the age of 29 and started from the grass-roots unit. At present, he is a director of the general manager of the group, acting in a low-key manner, making decisive decisions, promoting the reform of the group system and the strategy revision. In recent years, his growth has been rapidly and remarkably improved.

Another son-in-law succession case is Zheng Xin tires. Zheng Xin is the largest tire manufacturer in Taiwan, founded by Luo Jie.

Their eldest daughter only held shares, the second daughter was the supervisor, and the two son-in-law were in the company. Chen Xiuxiong, the great son-in-law, served as director and general manager of the Department, and Chen Ronghua, the two son-in-law, served as director and general manager.

The new tyres have developed rapidly in mainland China, and their market capitalization has been growing rapidly, making the family shareholders the number one rich in Taiwan.

Four, the technology industry is still in power for a generation, and the generation of family members and professional managers are co governed.

The development of high-tech industry in Taiwan is later than that of traditional enterprises. Enterprises are still in the stage of two generations of generation, and because of the rapid changes in industrial characteristics, many enterprises will use professional managers to co operate with family members and run businesses together.

Hon Hai is the largest electronic foundries in the world.

Terry Gou, chairman of Hon Hai, is in a position of power, and the major decisions are concentrated.

Instead of family members, Guo Xiaoling, the eldest daughter, resigned from the post of director of Foxconn, while his eldest son, Guo Shouzheng, started his own business overseas. But he returned to Hon Hai group this year and held the post of chairman of two enterprises under the group. He also served as a special assistant to form a co governance pattern between family and professional managers.

Delta Electric is the largest switching power supplier in the world, founded by Zheng Chonghua.

Last year, the chairman of the board was sent to Hai Ying Jun, vice chairman and CEO of Hai Ying Jun, but at the same time, he also actively cultivated the eldest son Zheng Ping, who was born in 1962 and has been in the group business for many years, and became a succession model of professional managers, family members and two generations.