Family Governance Initiative

Regulators across the region have developed corporate governance codes and frameworks for listed companies and banks, which contributed to good and effective governance practices. However, state- and family-owned enterprises often fall outside governance regulations, but increasingly such companies are recognising the benefits of good corporate governance in terms of better decision making and control processes – and many have taken steps to ensure that effective governance structures are in place.

Listed companies and state-owned enterprises may be the most visible ones, but family businesses are the core of the GCC economies.

Hawkamah launched the Family Governance Dynamics Initiative in 2019 to frame family related discussions on international developments, and how these developments are relevant for regional families.