The National Chamber of Commerce of Sri Lanka is organising a seminar on family businesses and its future on November 28 in Colombo.
The chamber said there are hundreds of family-owned business concerns where some of the companies started their operation during the late 19th century, while a majority of them began in the early 20th century during the British regime in the island. Some of the old family enterprises have emerged as highly reputed, successful international enterprises, manufacturing high quality products to various global markets. Some have expanded and have grown in stature over the years, gaining world recognition, while some of them have lost past glory due to various issues.
The seminar will highlight and explore the possibilities and the criteria needed to take the old established companies/family owned businesses in Sri Lanka, beyond the third generation. Two guest speakers from Singapore and India, Ms Michelle Tan Chian, Executive Director, UBS Bank AG, Singapore, and Sri Suresh Padmanabhan, International Speaker, Financial and Management Guru, Maharashtra, India, will make presentations.
Dr Travis Perera, Senior Consultant of PGIM will speak on “Succession Strategies of Sri Lankan Family Businesses”, Dr. Victor Hettigoda, Chairman, Hettigoda Group on “Employing Close Relations in Family Business,” Husein Eusufally, CEO, Hemas Holdings PLC on “ Should Family Business Go Public,” K. Rajapakse, Managing Director of DSI on “Power Sharing in Family Business” and N.R. Gajendran, Chartered Accountant on “Rewards: Should it be Equal?”