Family Business


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Family Business

A company in which one person or a group of related persons is the controlling shareholder. The term connotes a small business, but some family businesses are large, publicly-traded corporations. In the latter case, family members often serve on the board of directors and may appoint some of their number to major executive positions.
References in periodicals archive ?
Passing the family business on to the next generation, however, remains a pressing concern for many family business owners.
The survey identified that for many family business, growth is still high on the agenda, with 81 percent focusing on improving profitability and 55 percent on increasing revenue.
The survey identified that for many family business, growth is still high on the agenda, with 81 per cent focusing on improving profitability and 55 per cent on increasing revenue.
A family business agreement is a non legally binding document that provides a clear framework for how your family directs matters when it comes to the family wealth and the family business.
The Oman Majlis was hosted by FBCG's founding member in Oman, WJ Towell Co, a family business that is over 150 years old.
Read the book and find out the keys to running a good family business.
Commenting on the role of FBCG in supporting family businesses through the continuity challenge, Chairman of FBCG, HE Abdulaziz Al Ghurair, said, "We, at the Family Business Council, understand that without a well-planned and resilient governance and legal structure for a family business, the pursuit of continuity can be futile.
Family businesses and fast-growing entrepreneurial ventures stand to benefit greatly from Mr Nemeh's experience and insights in managing a family business and deciding on exit strategies or succession planning," he said.
Today's family business owners are willing to employ and seek guidance from experts and managers outside the family," the study said.
The Trump family business is about to enter a period of "forced retirement" as the founder moves into another leadership role.
The events program featured two panel discussions on Sustainability of Family Business and Listing Family Businesses in Qatar Stock Market moderated by Dr Mahmoud Mohamed Khalil and Assistant Professor of Finance in CBE Dr Mohamed Elgammal, and delivered by QU Professor of Management Dr Marios Katsioloudes, Partner at Deloitte Private Family Enterprise Consulting Walid S Chiniara, Legal Director at Pinsent Masons Qatar Office Roger Phillips, Director of Listing at Qatar Stock Exchange Abdulaziz Alemadi, and Salam Enterprises CEO Dr Adnan Stitieh.
Family Business Council panel discussions are held regularly to share best practices and facilitate collaboration between family businesses in the GCC.