Maintaining a Healthy Family Business Environment: A Conversation with Yong Yoon Li from Royal Selangor International
12 January 2024
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Meet Yong Yoon Li, the Managing Director of Royal Selangor International. Uncover the genuine experiences and lessons from a family business that has thrived for 138 years, offering a unique blend of tradition and innovation.
This authentic chat with Yoon Li shares the real stories behind Royal Selangor International. From his roots in engineering to steering a family legacy, Yoon Li opens up about the highs and lows, providing a candid glimpse into the human side of running a family business.
Yoon Li reflects on the 138-year journey, emphasizing the family's commitment to harmony. He discusses the challenges of maintaining strong family ties across generations, highlighting the significance of open and honest communication. Straightforwardly, Yoon Li talks about the pivotal role of trust and communication in family decision-making. He sheds light on the family council, a democratic space where decisions are collectively made.
Sharing personal anecdotes, Yoon Li discusses the rising generation. He talks about family retreats and practical experiences that encourage younger members to explore and understand the family business. Yoon Li shares the family's journey through generational transitions, acknowledging the challenges and lessons learned. His storytelling brings out the human aspects of succession planning.
Join us for an exploration of family and business dynamics, where Yoon Li's insights promise to resonate with those navigating similar paths.
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