Frederick Chavalit Tsao
The Chairman of IMC Pan Asian Alliance Group since 1995. He is the fourth generation to start his maritime career when he joined his family business at 20 years old. Under his stewardship, IMC has evolved from a traditional shipping business to one focused on integrated industrial supply chains and encompass lifestyle/real estate, investments and community development, with diverse business interests in more than 17 countries.
At the helm of a fourth generation family business, Mr. Tsao has long pondered on the role business plays in society and the significance of its existence. In his view, if we see economics as the actions to meet desires, then economics and consequently business (as main protagonist of commercial economics) is an integral part of society. Mr. Tsao concluded that the role of business in society is to “serve human well-being and create wealth at the same time.”
However, Mr. Tsao sees a systemic misalignment between business and societal needs. Harmony demand for a new worldview where there is common purpose for collaboration. He firmly believes that leadership needs to change significantly in search of the same. The new worldview should be founded on fundamentals of a meeting between esoteric wisdom and modern science. Tradition and cultural values need to be carefully integrated with social developments where new science of consciousness is meeting the esoteric values in pursuit of sustainability and harmony.
With these guiding principles, Mr. Tsao founded The East West Cultural Development Centre in 1995, a non-profit organization aimed at building more harmonious relationships in a rapidly globalized world. The Centre aims to provide an integrated platform for dialogue, research, design and prototyping models towards creation and building of harmonious societies through learning.
Mr. Tsao also recognizes the importance of family businesses in the global economy and is a strong advocate of more research in areas such as succession planning, business transformation, social engagement and leadership cultivation to allow family businesses to learn more from each other. He is a Board Member of Family Business Network – International and Family Business Foundation. He founded Family Business Network Asia, a regional chapter of Family Business Network International to promote sustainable family business. He believes that family business can make a difference to the evolution of business in the new role of business in society
Mr. Tsao graduated from the University of Michigan with a Master of Science in Engineering (Industrial and Operations Engineering) and a Bachelor of Science degree in Engineering (Naval Architecture and Marine Engineering).