An academic that is specialized in the family business sector argues that conflicts are frequent in most family businesses and often appear in the period following the founder's absence for any reason.
He pointed out that the maturity of the founder and awareness of the importance of the continuity of the company to flourish in giving to his children and future generations push him to << Draw policies, plans and strategies >> that would limit potential conflicts, maintain, and ensure the development of the company.
This was explained by a professor of commercial law and a trained consultant in the field of corporate governance, Dr. Omar Al-Sunaid, in a special interview that was published in issue No. 24 of the family newsletter (Aa'ilya), which is specialized in the family business sector.
He pointed out the importance of balancing relations within family businesses between owners and managers, so that owners do not affect managers' opinions in making appropriate decisions, thus it may deprive them of exercising their authority to carry out the responsibilities.
The newsletter included a press coverage of the "Listing in the Stock Exchange", which was organized by Asharqia Chamber in cooperation with Tadawul, under the patronage of His Excellency the Chairman of the Capital Market Council, Mohammed bin Abdullah Al-Quweiz. He was joined by international and local experts that are specialized in listing and offering companies in the financial markets.
The forum concluded that main significant topics are the strategic dimension and the mechanisms that are necessary to prepare companies to be listed in the financial market.
The company's balance between environmental factors, society and governance positively affects its performance and its shares, and then assess its performance.
The newsletter devoted a variety of areas to talk about several topics related to family businesses, their reality, future, importance and the importance of preserving them. It includes the guiding charter for family businesses issued by the Ministry of Commerce and Investment, which aims to maximize the value of the company and the development of its business. In addition to that, it has specialized reports dealing with this sector, and the most prominent international companies that provide rich experiences of owners and contributed to the continuation of successive generations.
