Family Enterprise Services
Many family enterprises in the Middle East are either going through or expected to face generational transition in the coming few years. With generational transition comes many challenges, some families face indecision or internal conflict. Al Ansari team of experts can help develop and implement solutions that address the unique challenges and opportunities facing family enterprises.
We help families align their objectives and strategic direction, develop a unified vision, mission, values, structure governance framework to align the interest of the different stakeholder. Develop ownership structure that facilitates smooth transition and business continuity, leadership succession, communication and policy development. Providing clarity and transparency in this process eliminates sources of potential conflict that undermines success and clears the way for stronger competitive advantage, enhanced family harmony, and greater likelihood of long-term enterprise continuity.
We support our clients by providing a range of activities including developing the family governance framework, help in family members development, develop family councils structure, board development, family meeting facilitation, financial and business strategy, succession planning and business strategy.
Family Enterprise Services
Family governance is a framework and rules by which the family members interact with each others as family members, shareholders or employees. These rules help minimize the possibility of future conflict and provide clear boundaries on the roles and responsibilities of family members.
Many families think that once they have set up the governance they have reached their goals, however, governance is a process and a journey that continues to evolve with generations and has to be reviewed from time to time to take into consideration new challenges by coming generations.
We believe that family governance and succession planning are an ongoing process that includes critical decisions as well as careful planning and preparation in order to successfully transition ownership, leadership and management of the business and the family’s assets to the next generations.
Our extensive experience serving the unique issues and needs of many of family businesses across the region has helped us become trusted advisors for family enterprises concerned with creating the strongest possible future for both business and family.
We assist client families with ownership strategy services such as these:
Developing Family Enterprise governance framework
Facilitate discussions and drafting of the family constitution
Creating integrated, long-term ownership strategies
Defining the role and responsibilities of owners to help family members become responsible owners
Designing and facilitating ownership governance forums such as Shareholders Council and Annual Shareholders Meetings
Developing and improving shareholder agreements and ownership policies
Facilitate discussion and development of balanced dividend policies
Developing criteria to select board members, and recruiting and compensating board members
Reviewing and recommending ownership structures and models
Designing and implementing strategies for transferring ownership
Educating, preparing and developing owners
Structuring family office and identifying staffing requirements based on services required
Draft policies and procedures and governance rule for the Family office
Next Generation development and training
We understand that the task of preparing your next generation family members to take the helm of leadership at your family business is not an easy task. Families need to start early helping members to raise their capabilities to be able to take their leadership roles in the future. Al Ansari team of experts works with you to develop customized education programs for your family in collaboration with, professional service firms, associations. These private programs are designed and delivered by Al Ansari team and in cooperation with world renowned executive development professionals and coaches. Audiences benefit from a tailored experience, customized materials and private discussions. To speak with us about private education programs please contact Adib Rashid.
