Veritage Flags Emotional Disconnect In Family Business Succession

KUALA LUMPUR, Feb 12 (Bernama) – Veritage International has released a new report highlighting hidden emotional risks in family business transitions worldwide. 

Titled Missing Link in Family Business Transitions: How Emotional Disconnection Threatens Family Legacy, the report identifies a growing gap between current owners and the next generation in preparing for ownership and wealth succession.

According to Veritage in a statement, the research finds this disconnect is driven by misaligned communication and differing expectations, which can undermine long-term family unity and business continuity.

Key findings show many next-generation members feel excluded from wealth decisions and ownership roles. However, when families engage in open dialogue and mutual respect, transitions proceed with greater confidence and cohesion.

The report emphasises that successful succession is not just financial—it requires wellbeing, shared vision, and sustained investment in family relationships. Emotional alignment is critical for both personal and business legacy.

Veritage frames the report as a practical resource for family offices, advisors, and business families, encouraging conversations about emotional governance alongside traditional succession planning.

By addressing often-overlooked emotional challenges, the research aims to transform succession from a source of conflict into a coordinated process supporting both family and business longevity.

The firm urges families to integrate structured dialogue, clear roles, and relationship-building into wealth planning to safeguard legacy and foster unity across generations.

-- BERNAMA