More institutions are starting up programmes to train the next generation of family business leaders to ensure smooth ownership transition and ongoing success. SMU, which launched its Business Families Institute (BFI) in August 2012, will inaugurate its first programme there in the second quarter of 2013. BFI Director Elaine Tan commented that the five-day programme titled "Growing the Family Business Through Generational Change and Governance," will include lectures from SMU, case-study discussions and panel sessions with family business owners.