Dubai: The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has hosted the latest event in its 'Governance Series.' The session, attended by 21 family business leaders, focused on family governance and structural legacy models to support the long-term sustainable growth of family businesses.
According to Emirates News Agency, the session was held in collaboration with the Indian Business and Professional Council (IBPC) and discussed practical ways for family-owned enterprises to plan for the future. This included setting up clear governance and legal structures to ensure smooth leadership transitions and promote long-term business continuity.
Real-world case studies were utilized to illustrate strategies that have effectively supported legacy-building in family-owned enterprises. The discussions emphasized tools that aid continuity and growth across generations, ensuring that businesses can thrive in the long term.
During her opening remarks at the session, Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, stated, "We are committed to supporting the continuity of family business to enhance their contribution to building a diversified and sustainable economy. This is achieved by promoting the adoption of governance systems, management structures, and succession planning strategies that build on the achievements of these businesses."