21/04/2014
To be held early next month under the auspices of the Minister of Commerce and Industry
"Governance Forum in family businesses," reviews the challenges of the balance between management and family
Showing results include the identification of more than 1,900 family business around the world
The ' Governance in family business 2014 forum', organized by the Chamber early next may, in partnership with the Institute of Directors in the GCC, review the views over 1925 family company around the world towards (the challenges of balancing data and family relations). The Chamber's Chairman Abdulrahman bin Saleh otaishan, said the forum sponsored by the Minister of industry and Commerce Dr. Tawfig Alrabiah seeks to specific recommendations, which if activated the continuity of family companies facing the risk of downtime due to successive generations, so it will be reviewing its main findings ' poll Center PricewaterhouseCoopers ', with the participation of 1952 is a family of 28 countries in Asia, Europe and Latin America, the Middle East and North Africa.
Otaishan added that the participants in the Forum under the theme 'challenges of continuity of generations ' would discuss the challenges of transition of the family business to the next generation, possible solutions, and talking about the number of experts and specialists, each representing a well-known family companies were just Haji Hassan (Manager of finance and administration group Haji Hassan), Ahmed Youssef (partner in McKinsey company), Badr Cano (Board member of Yousef Bin Ahmed Kanoo group), Steve Drake (partner in PricewaterhouseCoopers), moderator On this axis Abdulla almajdouie.
Otaishan said that the Forum, which is held in the headquarters of the Chamber in Dammam ' will serve to monitor the major obstacles preventing the implementation of the principles of governance, what is meant by separation of ownership from management in family firms. Where he talks about this axis of Ziad khoshim (partner in Allen and Avery, khoshim law firm), Fawaz Al-khodari (Executive Chairman Abdullah bin Abdulmohsen Al-khodary), Ghassan (Deputy Chairman of the Board of Directors, a move), Michael Morkos (partner in haidrbek & stragls) in a session moderated by Dr. Jassim Al-rumaihi ,also listening to the history of the group by the Deputy Chairman of the group.
Otaishan said the family businesses in Saudi Arabia occupies a wide area of the national economy, private sector activity, in particular, the volume of investments in the local market within 350 billion, more than the 12 of GDP, these investments are expected to increase by 4 in the next year, making it an important channel for attracting national workforce, thereby strengthening its position in the national economy.
