Mr. Chavalit Frederick Tsao

Chavalit Frederick Tsao is the fourth-generation family business steward and Chairman of IMC Group, a global shipping business with a diverse portfolio of interests and investments in shipping, property, investment management, and the shifting of human consciousness. He is instrumental in reforming his own family business and is committed to its sustainability. Chavalit believes that humanity is now experiencing the dawn of an era of well-being, where business will reform to lead the rise of a new global economy, which he refers to as the "well-being and happiness economy". Born in Hong Kong and educated in the United States, Chavalit’s unique perspective is influenced by his Eastern heritage, Western upbringing and his stewardship of IMC. He founded Octave to advocate the well-being economic model to Asia Pacific and beyond. As Chairman of the Council of Wisdom for Family Business Network International, Chavalit is also an advocate for family business reform as the herald for the new economy. Chavalit is also an author. In his most recent work, "One Choice, One World: Rise of the Well-being and Happiness Economy", he outlines his vision for new consciousness in life, needed to forge a common worldview for humanity’s collective well-being. The book draws on Chavalit's life insights and business foresight on Eastern Wisdom and Western Science to present his vision of a well-being and happiness economy. His other work includes collaborations with Ervin Laszlo and Chris Laszlo for the books, 'Dawn of an Era of Well-being: New Paths to a Better World' and 'Quantum Leadership: New Consciousness in Business'. These books are part of his anthology of 40 publications commissioned under the Octave Institute lineage of research that began in 1995.