1. No in-laws was instituted
2. No moonlighting
3. No conflict of interest
4. No work, no pay from the company
5. Personal assets should be kept separate from company assets
6. Pay must be based on contribution to the business
7. Being family is no guarantee of employment
8. Avoiding working directly under one’s parents, specifically at the start of a career
9. Give the next generation wings and have a fixed retirement age
10. There can only be one boss
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Ever wonder why John Gokongwei have such power and wealth? He follow these simple but very practical rules.