YLCO Family And Museum Receives A Visitor On Family Business

The large YLCO (Yeoh, Lim, Chew and Oh) family also have a Museum 

Millie Chan (photo inset) is a lawyer from Ipoh but since relocated to Canada. She still practises law but lectures on Family Business for the Asia School of Business a University established by Bank Negara.

A lot of the businesses she works with are family owned hence she dropped by YLCO (Yeoh, Lim, Chew and Oh) museum and met its curator Ignatius Chew. Ignatius explained the benefits of a museum where families gathered especially during festive seasons, share old memories and bond with relatives and catch up with the latest family news.

Ignatius Chew showing Millie the exhibits at the Museum

Millie's talk will emphasize on how it is governed and guided and will touch on the soft issues ie personality and the various ways to make families to cohere and bond together. She is planning to introduce the family museum. It does not have to be big space just a place where you linger and share the past during their grandparents time, reminiscence and whilst sharing their differences recognise that problems arise but in a different context. I will teach the students about the benefits of having a museum

According to a 2017 report by Credit Suisse Family 1000, 11 of the top 25 countries with the largest number of family owned businesses are located in Asia. China is ranked #1, India (#3) and Malaysia (#7) while Singapore (#17). The spectrum of family business is enormous from multinational giants to corner grocery store to those that have been passed onto succeeding generations but they share one defining characteristic ‘they are connected to a family’.

Eight months ago Taylors University – IFEC (International Family Enterprise Centre) and Raffles Institution, Singapore visited for a similar purpose. It's good to know that YLCO museum can contribute positively towards strengthening the family businesses. 

Actress and Oscar winner Tan Sri Michelle Yeoh is part of the YLCO family 

JAG