20/01/2014
Under the auspices of the Minister of Trade and Industry
Eastern Chamber organizes the second forum of the corporate family governance next April
Under the auspices of the Minister of trade and industry, Dr. Tawfig Alrabiah East Chamber holds in partnership with the Institute of Directors in GCC States end of April 2014 second Forum on governance of family businesses embraced the Chamber Headquarters in Dammam. The Secretary-General of the Chamber Abdul Rahman bin Abdullah Alwabel that the Forum is aimed at reviewing the role of transformation in maintaining the continuity of the company and ensure the continuity of their success and growth and development under current economic challenges and show how to apply corporate governance in family business.
The barrage to the Forum highlights the experience of some family businesses and their contribution mechanism and some of the challenges that have been overtaken by, as it highlights corporate governance and its impact on the family business. The family firms representing 85 percent of companies globally are Saudi Arabia and Italy and the United States for most of the family businesses in the world, and the family business in Saudi Arabia and Italy accounted for 95 of the registered companies, followed by the United States to 92 the number of listed companies. The family companies in Saudi Arabia are key pillars of the national economy, exceeding its $ 66 billion, a significant contribution in the Saudi community needs of goods and services and employment for citizens and their role in the development of the national economy and support the international relations between the Kingdom and the Nations of the world.
