15/03/2015
In a public lecture held in the Eastern Chamber
Expert stresses the importance of the Constitution and the common association of shareholders to resolve differences in family businesses
The 10 largest world's billionaires are the founders or leaders
Expert who specializes in family businesses indicated that 60-80% of the labor force in the global market companies are family-owned businesses, and 55% of the top 100 billionaires in the world are the owners or leaders of family businesses, 6 of the top 10 world's billionaires are the founders or leadersIn family businesses, although about 20% of the names on the Forbes list of billionaires in the world founded the wealth of family-owned businesses.
The head of the family business sector in the Middle East and North Africa, Ernst & Young Lutfi Qasim Shehadeh in a public lecture held in the East Chamber Sunday, March 15, 2015 under the title (the sound of the differences in family businesses treatment) witnessed the presence of organic Board of Directors Hakim Amar and Najib Seihati that the largest companies operating inMiddle East are family-owned businesses, that nearly 90% of the workforce in the commercial market companies owned by families, and more than 60% of family businesses are in the first and second generation, 50% of employees working in the family business .. stressing that 50% of companiesfamily need to understand the need to activate the role of the company as a professional.
He pointed out that family businesses are formed when the founder of the company or individual members of his family the right to dispose of it, through its participation in the property, or setting priorities, or to determine the succession, the values that works on the move for the company and for future generations .. He explained that each of the companies'family is characterized by being unique of its kind; but every successful family business has a common factor: Through absorb success and take advantage of this knowledge factors, highlights the so-called «growth analysis of the development needs of family businesses».
Shehata select sources differences (conflicts) in family businesses said they arising mostly from the different views on a variety of situations, and in the analysis of things, the dispute may occur as a result of lack of clarity or complete picture or a lack of information, as well as the difference in the method and methodology,which may result in a sometimes hostile feelings among some members, a sense of deprivation or weakness, or lack of appreciation, and misconduct, poor performance, stop giving and giving, as well as the strained relations which are manifested in the rupture and strife, to a higher degree accessto the judiciary and the courts .. and lecturer cited samples and examples of disagreements global family firms reached a point of no return.
He said that there are several strategies to manage the family, including differences: (cooperation) strategy, which is reflected in the focus on the problem and not the person or place, the adoption of a solution based on the benefit of all parties, to make choices and better solutions, to reach positive results for the company and the family ,callingto the idea of establishing the Commission (resolution) solution as one of the strategies for the management of family disputes, a condition that consists of a number of senior family, referred to her all disputes and in turn bear responsibility for the development of practical solutions.
Lecturer accept some of the positions and actions to take successful family businesses to overcome the challenges, and cited them separate aspects of the ownership of the family business for the administrative aspects, the creation of a family council or shareholders association as a forum to discuss matters related to ownership, agree on a set of basic rules, allow the administration concernedto lead and manage the company effectively, and rational business management and communication between the preparation of the Holding Company and the Association of shareholders.
The generosity of the Board of Directors member Seihati, a lecturer Chairman family business sector in the Middle East and North Africa, Ernst & Young Lutfi Shehadeh.
