Dubai Issues New Guidelines for Family Businesses
The Dubai Centre for Family Businesses which was developed as an integrated system under the directive of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued new guidelines for family-owned companies in Dubai.
The new set of governance guidelines aims to support family businesses to develop frameworks that will ensure a smooth succession process and continuity of the businesses.
The guidelines are based upon international best practices that have been adapted towards local needs, as part of a comprehensive project that is being implemented in collaboration with Dubai Chamber of Commerce and the Government of Dubai.
The guidelines constitute of advice on the value of developing a Family Constitution, practical tips, insights, tools and more.
