In today’s ever-changing market, global economies are rapidly evolving and disrupting traditional business models. Technological advancements are impacting disciplines, economies and industries across the board.
As such, family firms, which comprise of over 80 percent of privately-owned businesses in the Middle East, need to address these disruptive forces and equip themselves with effective contingency plans, as a simply reactive approach may prove to be ineffective and potentially detrimental to the business.
Held in collaboration with Tharawat Family Business Forum, this roundtable highlighted the role of the board in driving sustainable business practices across family firms. Specifically, it addressed internal and external factors affecting family business board decisions, the macro trends changing the business landscape and how family business boards will have to adjust their board structures and decision making to grow in the future.