Many people have built up successful businesses either by their solo efforts or with some other owners. More often than not, many do not plan for the continuation of the businesses or have any exit strategies.

NATAS members were invited to a sumptuous breakfast and set to ponder about the issue of preserving the value and succession of their businesses. How would they ensure that the smooth transfer and succession of the business interests are well planned for in situations such as their retirements, their disability to continue in running the business or upon their untimely deaths.

Mr. Lee Chiwi, Chief Executive Officer of Rockwills Singapore and Miss Teo Siew Yong, Manager, Financial Services of Manulife, covered topics such as the need to address succession planning and if businesses currently have a shareholders' agreement.