His Excellency Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented: “The Dubai Centre for Family Businesses offers an integrated system of support and training programmes on issues of strategic importance to all family businesses. The launch of the Governance Series marks the beginning of the Centre’s activities, which will focus on developing effective governance frameworks and systems to be adopted by family businesses to ensure a smooth succession process between generations and promote their growth and sustainability.”
His Excellency added: “Dubai Chambers remains committed to boosting the competitiveness of family businesses, protecting their interests, and investing in their future leaders to ensure the long-term success of their businesses.”
The Governance Series will focus on laws affecting family businesses and explore best practices in governance, which play an important role in succession planning. The sessions are designed to showcase the benefits of adopting strong governance principles and will enable the family business community to learn more about how to ensure the effective implementation of governance at the company, ownership, and family levels.
Six sessions will be organised as part of the Governance Series during 2023 encompassing a variety of topics. The initiative is set to raise awareness on the services offered by the Dubai Centre for Family Businesses, highlight the support it provides to family-owned businesses, and create networking opportunities. It targets key stakeholders in the family business community including company owners, next generation family members, managers, and lawyers, together with affiliated family business advisors.
To help build capacity and promote best practices, the Governance Series will also feature insightful sessions with representatives from successful local, regional, and global family businesses, who will discuss their experiences and areas of expertise with participants. These meetings are designed to support members in overcoming challenges and growing their businesses, as well as encouraging networking opportunities between companies and creating a platform to share inspiring multi-generational success stories.
Officially launched under the umbrella of Dubai Chambers in May 2023, the Dubai Centre for Family Businesses is entrusted with ensuring the growth and sustainability of family businesses in Dubai. The Centre aims to further develop this vital sector and enhance its economic contribution in support of the emirate’s future development plans.
