Bilyonaryo Lance Gokongwei stressed the importance of choosing the right leaders as he shared the nugget of wisdom he learned from his late dad, John, on how to ensure the family business endures beyond their lifetimes.
The second generation Gokongwei said his father stressed the importance having the right mindset when it comes to dealing with business and family matters.
“My father instilled in us the mindset that ‘the family is here to support the business; the business is not here to support the family,'” the President and Chief Executive Officer of JG Summit Holdings said.
Lance took his father’s lesson to heart now that he’s leading the family-owned conglomerate in a new era.
“This puts into perspective the family’s role and responsibility as leaders. We need to ensure that the business prospers and endures for generations to come,” he said.