31/03/2016
Eastern Chamber issues its 15th edition of the bulletin
«familial» specialized
« familial »: Family agreement is a constitution that leads companies
safely under the succession of generations
Newly released from the East Chamber represented by media management, the
fifteenth issue of the Bulletin « familial », which deals with issues and news
of family businesses around the world.
The new issue, includes a detailed explanation about turning a family business
into a joint stock Forum sessions, which is currently held by the Chamber
in cooperation with the Stock Exchange (Tadawul), and sponsored by the Chairman
of the Capital Market Committee, Mohammed Abdullah Al Jadaan, in order to
review the role of the transforming in maintaining the continuity of
family businesses.
The bulletin also focused on new companies system, recently approved by the
Council of Ministers to reinforce the principles of corporate governance and
ensure fair treatment for all partners, and the Capital Market Committee
and the Ministry of Trade and Industry plans to publish regulations, in the
next few months, and included covering up as well, and a review of the
most prominent events and decisions related to family businesses around the
world, and that is by highlighting the world Conference of Islamic banking,
which was among its papers the Islamic financial institutions, governance, and
the Forum for governance of supervisory and regulatory authorities in the Arab
region, which called through it the Arab Monetary Fund, financial institutions
and Arab capital markets to improve the practices of corporate governance. This,
the bulletin provided models of two pioneers experiments from the Gulf
family businesses, in the governance and sustainability of the business without
complications or fluctuations, the first experiment is embodied in Salem Balhmr
Holding company, and how could this company passed on to the second generation,
according to the agreement of the family was formulated by
specialists who have the knowledge and experience in the development and
continuity of family businesses.
While the second experiment was embodied in the school group of Saad and
Bustani, an international network of Lebanese schools, with more than 63
thousand students, that have been able to expand internationally following a
governance effective model the company and the family together,
which is one of the most important Arab companies with educational activities,
which is headquartered in Lebanon and has a distinctive presence in the
UAE, Egypt and the United States of America and several regions around the
world.
The Bulletin also provided covering for the meeting held by the Group Chief
Executive ALMAJDOUIE Holding, Abdullah bin Ali Almajdouie, with young
entrepreneurs at the Chamber headquarter within Tajribati program.
