Dynasties of Commerce I Dr. Ayth I. Almubarak, CEO, National Center for Family Businesses FII7

The discussion emphasizes the importance of succession planning in family businesses, highlighting the need for a strong network to promote collaboration and new opportunities. It also stresses the role of policymakers in creating a conducive regulatory environment for the continuity of family businesses. Additionally, it underscores the necessity of preparing the next generation with the necessary knowledge, skills, and personality traits for success in the family business. The document also emphasizes the significance of global collaboration between family businesses to increase efficiency in capital allocation and realize cross-border synergies. Overall, the discussion underscores the unique characteristics and resilience of family businesses and the need for robust governance and policy support for their continuity and prosperity.