Prime Highlights
- Dubai Centre for Family Businesses launches three custom advisory services to enhance governance and foster sustainable growth.
- The services aim at governance review, constitution creation, and family office blueprinting for the sake of leadership succession.
Key Fact
- Three new services: Governance Assessment, Family Constitution Drafting, and Family Office Blueprint to assist family businesses.
- The effort is designed for building aspects of governance, succession planning, and long-term business success.
Key Background
Dubai Centre for Family Businesses of Dubai Chambers has launched three new advisory services aimed at encouraging governance and facilitating sustainable development of family businesses. The step also underscores the Centre’s dedication to putting businesses in a position where they can emulate world’s best practices while protecting leadership succession and family legacy.
The initial service, Current-State Assessment and Family Constitution Review, utilizes an automated platform to juxtapose governance arrangements with regulatory standards and worldwide best practices. Stakeholder interviewing is utilized in assessment for the purpose of uncovering risks, structural deficiencies, and internal misalignment, then offering customized recommendations for long-term stability and growth.
The second service, Family Constitution Drafting, is a progression of planned workshops and meetings leading to the legalization of governance structures. It assists families in paying attention to their common vision, values of leadership, succession, and decision-making processes. Through the open constitution they develop, companies can minimize internal conflict, optimize harmony, and establish a blueprint for generations to follow.
The third service, Family Office Blueprint, assists in establishing specialist entities to oversee wealth, investments, and private matters. Through facilitated sessions, business families establish their objectives, organisational forms, and personnel needs. The service facilitates successful wealth management and establishes companies for long-term success.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, stressed the vital part family businesses play in Dubai’s frugality, contributing to invention, job creation, and diversification. These premonitory services emphasize Dubai’s commitment to empowering family businesses with ultramodern governance practices, icing their capability to acclimatize and thrive in a dynamic global request.
