The value of a family constitution for family-owned businesses
In this article, we explore the concept of the family constitution, what its overall objectives are, and why implementing one can be a sensible choice for family-owned businesses in the Middle East.
How board remuneration impacts company success
As a result of a growing general trend towards accountability and transparency, the question of how board members are remunerated, and the direct and indirect effects that remuneration policy has on the performance and longevity of a company, are increasingly discussed.
In this article, we look at the impact of different remuneration policies, and how companies can optimize the way board members are compensated to drive long-term success.
The role of the chairperson
The chairperson (or chairman/chairwoman) of a board is a key leadership position within the governance structure of a company. In this article, we’ll look at how the duties and responsibilities associated with chairing a board of directors are changing in today’s boardroom, and the skills needed to succeed in the role.
Why Startups Need Independent Directors: The Key to Good Governance
In the fast-paced business world of today, startups are constantly pushing boundaries and disrupting traditional industries. As they navigate through rapid growth and evolving market dynamics, it becomes essential for startups to prioritize good governance. Although founders often play a crucial role in shaping the vision and direction of a startup, the inclusion of independent directors on the board can provide invaluable insights, strategic guidance, and a check on potential conflicts of interest. As startups grow, the demands on the board of directors intensify, and independent directors with specific expertise can provide key guidance and oversight to help startups navigate challenges. Independent directors are independent in both thought and action, and this independence allows them to evaluate the company strategy, risk, and executive performance objectively.
Politics in the Boardroom: Navigating Power Dynamics and Decision-Making
Effective governance is essential for organizational success. When board members work together constructively, companies thrive. However, all too often politics and power struggles emerge in the boardroom, derailing progress and strategic priorities. Leaders must recognize the signs of unhealthy dynamics and take action to build a cohesive, high-functioning team at the top.
Board Composition Trends in GCC
The Middle East Institute of Directors (MEIoD) has revealed several noteworthy trends that are shaping the boards of directors in the GCC region. Understanding these trends can significantly impact an organization’s overall performance and decision-making process.
Boards of Directors in the GCC: Navigating the Aging Boards Issue
As the economies of the Gulf Cooperation Council (GCC) rapidly expand, boards of directors have an increasingly important role in ensuring that businesses are properly governed and run efficiently and effectively.
However, with aging boards of directors comes a number of challenges—in particular, the need to plan for future succession and how to ensure that board chairs have the right skillset for each type of organization.
In this article, we will explore the issue of aging boards in the GCC, and examine how organizations can best navigate this issue. We will discuss some potential solutions for addressing these challenges, such as encouraging mentorship programs and using technology to streamline board operations.
3 ways that corporate governance is crucial to sustaining family businesses
In this article we’ll explore how implementing effective corporate governance is of particular importance in protecting family-owned businesses and ensuring their longevity.
The Shape of Corporate Governance in 2023
After a challenging few years, as we enter 2023 the outlook for businesses in the Middle East is more optimistic. Focusing specifically on corporate governance, there are a number of developments that look set to further align business practices in the region with global norms and lay the foundation for sustained growth and success.
We’ve looked at four specific areas of change which we think will have the greatest positive effect on the state of corporate governance across GCC countries in the coming months.
Updates on Corporate Governance in the Middle East – April 2023
We know that effective corporate governance is essential, not only for the success of a business but also for a powerful economic system. We believe that corporate governance is a vital element to invest in and take seriously, both in terms of the regulations put in place and how companies are managed.
In this article, we’ll draw on our experience across the region and provide updates on regulatory changes to detail how corporate governance can be implemented successfully. Our goal is to provide you with insight that you can use to build strong businesses and protect yourself from potential foreseeable risks.
We’re passionate about leading the way with corporate governance in the Middle East – let’s explore this together!
