Читать книгу Corporate Governance in Family Owned Businesses - Saleh Hussain - Страница 8

•They represent the majority of companies in any MENA country, as they do in the rest of the world.

•The relevant laws and regulations under which these companies are governed are unclear or insufficient. The regulatory control and monitoring of their operations are weak or in some instances non-existent. Hence, it’s difficult to measure the performance of these companies in a clear and certain way and assess the impact of their performance on the overall economy of the country.

•The regulatory bodies need to exert every effort to update existing laws and develop new ones to cater for the needs of these companies to assist them to play the right role in the economy. Introducing corporate governance regulations applicable to these companies is long overdue.