Pricewaterhouse Coopers Sponsors Jordan’s First Family Business Conference

 
Amman 6 May. PWC – Pricewaterhouse Coopers joins the Family Business Conference that will be held under the theme of “Success & Succession for Family Business” on 9 & 10 June 2007 as Gold Sponsor. The 2-day Conference aims to encourage greater understanding of the dynamics of family businesses and the challenges they face, in order to accomplish greater business success and sustainability. The Family Business Conference is organised by Events UnLimited of Jordan and supported by the Institute of Family and Entrepreneurial Business of the Lebanese American University.

PWC provides industry-focused assurance, tax and advisory services for public and private clients around the world. Through its Advisory Services Division’s offices in the Middle East, PWC works with many Arab family businesses, both large and small as well as families in the “founder” generation through to those at the 3rd generation and beyond. PWC has successfully implemented family governance structure, such as Family Council, with the principal focus on addressing key issues facing any family business namely: conflict management, succession planning and continuity planning.

Statistics suggests that fewer than 6% of family businesses survive beyond the third generation. “Due to the strong influence that family businesses have on economic growth rate in Jordan and the region, the Family Business Conference assumes a high degree of importance as it sets forth to examine family business challenges and present models of success from around the world”, explained Samar Shawareb Ashqar, managing director, Events UnLimited.

The Conference will feature many presentations, panel discussions and case studies by experts with plenty of interactive dialogue and networking opportunities. Amin Nasser of PWC will give a presentation on “The challenges faced by Middle Eastern Families and what some of the successful Families do to address these challenges”. Nasser will look at the dominant issues and challenges faced by family businesses in the Middle East and at what do successful family businesses do to address them. Some of these mechanisms, according to Nasser include, “separation of Ownership from Management, creating Family Councils and Shareholders' Assemblies, agreeing protocols or constitutions for the Family, creating good governance and communication between the Owners and Management”.

For additional information contact:
Events UnLimited, Tel : +9626 5656550.
E-mail : info@eventsunlimited.com.jo



 

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