Many GCC family-owned
companies are leaders in their respective home markets where they have a long-established presence and successful track records.
businesses are much in the news lately.
MANAMA: More than 80 per cent of family-owned
businesses have no term or age limits on board membership and one-third do not evaluate board members' performance, a survey has found.
More than a quarter of family-owned
businesses do not have a board of directors; Nearly half do not have leadership contingency plans
Muscat: The Capital Market Authority (CMA) is actively considering lowering the minimum capital of OMR2 million required for a listed company, in an apparent move to encourage family-owned
firms to convert their businesses into joint stock companies.
com), a Triangle-based, full-service landscaping and lawn care company, has announced the release of a podcast describing the relationship between operating family-owned
businesses and reaching personal and financial success.
The Arab region is enriched with countless family-owned
businesses that slowly transformed from small trading firms in the early 60s and 70s into regional and global conglomerates, and have now started seriously looking at succession planning to manage and preserve their wealth for future generations, according to CTPartners.
businesses in the region have started looking at succession planning to manage and preserve their wealth for future generations, a report said.
Among the more prominent remaining family-owned
and operated institutions are Herzing University (Wis.
White Castle is a family-owned
business based in Columbus, Ohio that owns and operates 421 White Castle Restaurants in 11 states.
However, dwindling share of survival of family-owned
businesses to next generations indicates that corporate governance is also crucial for family businesses.
At the most recent annual World Dairy Expo, held in Madison, WI, the family-owned
Maine business earned the top international award for "World's Best Chocolate Ice Cream.