Family ties influence culture, may raise compliance concerns
Pros
This is a family business, so anyone who ingratiates themselves with the Y tends to have an easy ride. This environment is really ideal for those who doesn't like proper corporate life and prefer something more relational based
Cons
Deputy Chairman will avoid upset Chairman at all costs in order to secure his inheritance of the business. Every HOD role seems to be controlled by a family member or their cousins, and this is expected in a family business The organization appears to have a social culture where heavy alcohol consumption is normalized at company events. Conduct that may be overlooked in karaoke sessions or informal gatherings could create conduct, and compliance risks in multinational corporate environment. HR practices may be outdated, and the current HR team demonstrates limited capability relative to the expectations of multinational organizations. As it stands, the function may not be equipped to operate effectively in a more rigorous corporate environment and would require significant uplift in governance, professionalism, and strategic HR capability.