Dubai Centre for Family Businesses Explores Legacy Structuring for Sustainable Growth
The Dubai Centre for Family Businesses, an initiative under Dubai Chambers, recently hosted an insightful session as part of its “Governance Series,” focusing on legacy structuring for long-term business sustainability.
Key Discussions on Governance & Legacy Planning
The event, held in collaboration with the Indian Business & Professional Council (IBPC), brought together 21 family business leaders to examine best practices in family governance, leadership transitions, and legacy models. Attendees explored practical approaches to securing business continuity, including:
- Establishing clear governance frameworks and legal structures.
- Implementing succession planning strategies for smooth leadership transitions.
- Leveraging real-world case studies on multigenerational business growth.
Commitment to Long-Term Success
In her opening remarks, Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, emphasized the Centre’s dedication to strengthening family businesses as key drivers of economic diversification.
“We are committed to supporting family business continuity by promoting governance systems, structured management, and succession strategies that build on their achievements,” she stated.
Why It Matters
Family-owned enterprises form a cornerstone of Dubai’s economy, contributing significantly to employment and GDP. However, without proper governance, many struggle with leadership transitions and intergenerational sustainability. This session provided actionable insights to help businesses preserve their legacy while adapting to future challenges.
The Dubai Centre for Family Businesses continues to play a pivotal role in equipping family enterprises with the tools needed for enduring success.
