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A shallow chat about Lee Kum Kee
Recently, I saw some videos about some tycoons about the way they dispose of their assets, which aroused my interest, among which especially the family charter of Lee Kum Kee, which made me want to know more about it, so I organized a bit of related content.

Hong Kong Lee Kum Kee Group, was founded in 1888, from now on has been 134 years, is a real century of enterprise. Our country has very few centennial enterprises, and even fewer centennial enterprises that are not listed. Those that can survive several generations and break the curse of being rich for only three generations and still stand in the shopping malls must have something unique about them.

The Lee family has always attached great importance to the education of their children, and they put their children's education in every detail of their daily lives. For example, children are required not to be partial to anything. Li Wenda sends his children to the West to receive modern education, and often takes them on excursions around the world, so that they can experience different cultures, recognize different things, grow more insights, and understand life in all its forms. He even intentionally took his children to attend funerals, so that they could clearly see the successes and failures of the deceased's life, as well as all kinds of family conflicts and the complexity of the human world. Will also reveal to the children: what people do in life, to be responsible for the final "coffin", more people y appreciate, respect for life and the value of life is how valuable to guard.

Although the Li family has an enlightened education, it also has strict family rules. Unlike many rich families, the Li family has a special "family constitution", which is a code of conduct that family members must follow, and one of the "constitutions" they have put forward is that future generations must meet three conditions if they want to enter the family business: first, they must graduate from university, and second, they must meet three conditions. to graduate from university, and then at least 3 to 5 years of work in an outside company; second, the recruitment process and the assessment after joining must be the same as non-family members, and must start from the grassroots; third, if you can not do the job, you can give a chance, and if there is still no improvement, the same should be fired; if the next generation of success in the outside world, Lee Kum Kee need to be when they can be " The next generation will have to be fired, and if the next generation is successful, LKK will be able to bring them back when needed.

In 2003, LKK established the Family Council. The Family Council consists of the core members who best represent the interests of the family - including Mr. and Mrs. Lee and their five children - with new members to be selected from the fifth generation, who have an interest in the affairs of the family and the interests of the family as a whole.

As a platform for regular communication among all family members, the LKK Family Council focuses on the formalization of the family's *** values and code of conduct, as well as the nurturing of the core family members, which are at the heart of the family's affairs. To date, the LKK Family Council meets quarterly for four days and covers strategic planning for family building, such as the family constitution, family spirit, and the nurturing of the next generation and even the next two generations. No matter where in the world the core members of the Family Council are, they must make it back to attend and will be penalized if they are late. On the fourth day, the spouses of all participating members are invited to attend the meeting to inform them of what was passed in the previous days' meeting, so that the spouses can be good "helpers".

The LKK Family Council is responsible for family matters only, while the company's Board of Directors discusses important strategic decisions related to the company's operations, each in its own way. However, the family directors on the Board are appointed at the option of the Family Council to ensure that the Board is able to make decisions independently, taking into account the interests of the family as a whole.

It is not often that a Chinese family has its own family charter. The Lee Kum Kee Family Council was established with the development of a family constitution as an important task for itself.

This includes the following:

1. Family Committee: a meeting is held every 3 months, every time it is held for 4 days, there are 16 days in a year, and all family members must participate in it; there is a moderator for the meeting, and the core members of the committee take turns to be the moderator.

2. Family members of the retirement provisions: family members aged 65 years to retire.

3. The family constitution amendment regulations: the constitution of the content of the formulation and revision, the need for the family committee in 75% majority to determine; general resolution of the establishment and modification of the majority can be.

Li Wenda also has three informal agreements with his five sons and daughters: do not marry late, no divorce, no extramarital affairs.

Lee Kum Kee also has a "super mom group". The mothers in the family meet once a month to share their experiences in educating their children and instilling family values and philosophies in their children from an early age. Every year, they also organize a trip for the whole family, in which all 26 family members participate, and through this reunion, they share the joys, responsibilities and knowledge of the family.

Lee Kum Kee's century-old brand also lies in the good education and environment within the Lee family. Many family businesses are centered on business, but when the family has problems, the children have problems, the business suffers, and the family is stuck in the cycle of "no more than three generations of wealth".

Lee Kum Kee has always been a family-oriented company, viewing business as part of the family, and family harmony as the foundation for business success. It is because of this that Lee Kum Kee has continued to grow and prosper, rather than go into decline.

Such family education and management has enabled the children of the Lee family to inherit the excellent traditional Chinese culture inherited from the Lee family and to absorb the modern civilization of the West. With the traditional Chinese spirit of stability, humility and tolerance, and the Western spirit of pioneering, innovation and enterprise, they have kept the foundation of their ancestors and will develop their own era.