05/04/2017
In cooperation with INSEAD Business School under the patronage of the Minister of Trade and Investment.
Asharqia Chamber hosts more than ten experts on
April 19 in the field of governance and transformation of the Family Business
Governance Forum, launched by Asharqia Chamber in cooperation with INSEAD
Business School titled Secrets of the administration Success. On the
roles of institutionalizing family businesses in business sustainability.
Abdulrahman bin Saleh Al Ataishan, Chairman of Aaharqia Chamber, said that the
forum sheds light on the four main challenges facing the transformation of
family businesses into the contribution of the good governance role throughout
its generations. The
Board of Directors and the most prominent treatments provided in this regard,
as it is one of the most common challenges facing employers, especially from
the second generation, as well as the subject of family businesses and the
principle of limited partnership and the importance of diversity and balance
between the members of the board of directors.
Al
Atishan pointed that the forum of governance in family businesses comes at a
time as the government is making great efforts to support the continuation of
family and non-family businesses. He pointed that family businesses occupy a
large part of the national economy, The
first generation of many turbulence is coming to an end, which requires a more governance
approach. The launch of the parallel market (Nomuw), which is a serious
government step towards institutionalizing the business, finance,
pointing that it will raise the attractiveness of the sector in front of
investment obstacles.
Asharqia
Secretary General, Abdulrahman bin Abdullah Al Wabel, said that Asharqia
Chamber takes the common culture of institutionalization and transformation
among the companies of the region as a target, pointing that this forum and
other programs offered by the Chamber are all aiming to achieve the goal of
transformation and governance. Pointing
that good governance begins when expertise is available, written regulations
and clear future plans for growth and expansion.
Al
Wabel explained that the Forum is trying to present a list of the challenges
facing the growth and sustainability of family businesses, focusing on a number
of topics that are considered as
obstacles to family businesses accompanied by the development of a package of
treatments for each challenge separately.
