15/01/2014
Eastern Chamber issued the sixth issue of the specialized family business Report
East Chamber represented by media management the sixth issue of ' family ' for the month of January, 2014, through which the views of professionals and businessmen on the role of corporate governance and its impact on development and preservation of rights in the family business. The paper reviewed the role of the family, where governance was published in dialogue with the CEO of Al-Abdulkarim holding co. and Chairman of Meteor systems engineering in the Kingdom and the Arab Gulf businessman Khalid Bin Abdul Rahman Al-Quran said that switching to a ' contribution ' is the natural evolution of any establishment Economist, noting that any organization evolve and improve its work, it is necessary to convert to a stock company to keep pace with development.
Abdulkarim was through dialogue with the group seriously considering shift stating that such decisions should be studied carefully, in order to execute properly. According to several reasons behind the failure of much family business continuity, including its inability to develop an effective system to ensure a smooth transition to the second generation, in the event of the death of the founder, also addressed a number of issues and topics related to family business, governance and future challenges in light of the global variables.
The bulletin also reviewed the experience of the company ' March ' for confectionery and its leading role in this field since its founding by Frank March founder of Mars (MARS, inc.) in Hancock, Minnesota, and was suffering from polio case between him and go to school, to complete his education, his mother packed him and decided to take his education at home, to learn also how to make candy in her kitchen, if it becomes the founder and owner of the largest production of ' candy ' in the world and third largest companies ' food ', as I explained our company transition to the second generation and innovative actions which brought about a qualitative leap in performance.
In addition to special news bulletin reviewed in some Gulf-governance where she spoke about the book entitled ' look around the family business in the Kingdom of Bahrain ' which emphasized the importance of focusing on building strong governance structures such as the family, pointing out that the largest proportion of Bahraini family businesses not believes in the importance of transition to stock companies for future growth, with the results of the study indicated the need for these companies to develop specific plans governing the transfer of ownership from one generation to another within the family, and that they must build Successful management team includes elements from within and outside the family.
