Family Business Governance and the Role of the Board of Directors
Ten years ago when Waleed Al Said, aged 68, became CEO of the World Trading Company, he organized a management board that included: his older brother Hammad, 72, the former MD, as chairman; his younger brother Hussam, 64, a sales director for the last 20 years; Khaled, a cousin, 59, chief accountant in the firm; and two non-family employees, the commercial director, aged 58, and finance director, aged 66.
KeywordsFamily Firm Independent Director Parallel Planning Family Business Family Ownership
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