Family Business Council-Gulf Launches the Region’s First GCC Family Business Governance Code

Chairman of FBCG, His Excellency Abdulaziz Abdullah Al Ghurair, said: “Governance within family businesses is increasingly becoming a necessity as organisations evolve and grow. Setting family business governance structures, in the form of rules, policies, and procedures is the key solution to managing the growing complex dynamics of GCC family businesses.” The code addresses a wide range of family business governance areas, it covers five governance areas: Family Governance, Ownership Governance, Corporate Governance, Wealth Governance, and Public Engagement.