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.