Dubai Introduces Inaugural Guide for Advisors, Aimed at Aiding Family-Run Businesses Through Expert Consultation.
In a significant move to support the growth and sustainability of family-owned businesses, the Dubai Centre for Family Businesses has launched the city's first Family Business Advisors Directory. This initiative offers a wealth of key services to family-run enterprises, aiming to help them strengthen their sustainability, competitiveness, and long-term legacy planning [1][2][3].
The directory features 56 trusted advisors, each profiled with details about their professional background, certifications, areas of specialisation, and contact information. This extensive list covers critical areas such as corporate and family governance, succession planning, restructuring, M&A advisory, mediation, and commercial dispute resolution.
The Directory's advisors are divided into two categories: experienced professionals and certified consultants. The certified consultants have completed the Certified Family Business Advisor (CFBA) and Certified Family Wealth Advisor (CFWA) programmes, offered in collaboration with the Family Firm Institute (FFI), the world's leading authority on family enterprises. The Family Business Advisor Certification Programme, an addition to the existing directory, creates a qualified pool of accredited advisors [4][5].
The Dubai Centre for Family Businesses launched the Family Business Advisor Certification Programme in 2023, with the aim of providing family-run enterprises with access to expert consultancy. This programme, like the directory itself, connects family businesses with professionals who have access to FFI's Global Education Network (GEN) certification programmes and knowledge resources [6].
By utilising the services offered in the Family Business Advisors Directory, family-owned enterprises can benefit from governance framework development for both family and corporate structures, restructuring, succession planning, mergers and acquisitions, mediation, and commercial dispute resolution. This initiative is expected to play a crucial role in supporting the growth and success of family businesses in Dubai.
[1] Dubai Centre for Family Businesses Press Release, 2023 [2] Family Firm Institute News, 2023 [3] Gulf Business, 2023 [4] Gulf News, 2023 [5] Family Business Magazine, 2023 [6] Arabian Business, 2023
- The Dubai Centre for Family Businesses has assembled a network of 56 advisors, each certified in key areas like family and corporate governance, succession planning, and mediation, to strengthen the sustainability and competitiveness of family-owned businesses.
- In addition to the Family Business Advisors Directory, the Dubai Centre for Family Businesses also launched the Family Business Advisor Certification Programme in 2023, connecting family businesses with consultants who have access to the Family Firm Institute's extensive education network.
- The Family Business Advisors Directory and Certification Programme are designed to support the growth and success of family businesses, offering a range of services such as governance framework development, restructuring, succession planning, mergers and acquisitions, and conflict resolution.
- Career opportunities in education and self-development could be found within the Dubai Centre for Family Businesses, as the new initiatives require a workforce skilled in areas like family business consulting and wealth management, potentially leading to growth in these sectors.
