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Al-Balad Seminar on Bahraini Family Business Challenges
The article highlights the importance of family businesses in the Bahraini and Gulf economies in general, emphasizing the challenges of their sustainability and succession across generations. It presents proposals to enhance corporate governance, such as clearly separating ownership from management, developing specialized legal frameworks, and preparing new generations to face technological and economic transformations. It also underscores the necessity of organizing family relationships through a family charter and family councils, as well as leveraging the experiences of successful trading families. Additionally, it stresses the importance of supporting companies through good governance, early succession planning, and adopting technology—including artificial intelligence—to ensure their continuity and growth across generations.
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