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Upcoming KPMG Middle East and South Asia Family Business Conference to focus on transition in family businesses and preparing the next generation of leaders
Dubai - Following the resounding success of its inaugural MESA family business conference in 2013, KPMG, the region's leading professional services firm, will once again bring together key decision makers from family businesses in the GCC, the wider Middle East and south Asia to discuss ways of preparing the next generation for leadership.
Harish Gopinath, KPMG MESA's head of family business and enterprise, welcomed the chance to host the conference, which will focus on next generation perspectives, family constitutions, talent development, wealth preservation, stewardship and the encouragement of entrepreneurship.
"71% of decision makers at family owned businesses agree that continuing the family legacy is an important goal. Our event - on 31 October and 1 November - will bring together family business leaders from across the region and let them share perspectives, learn from others and get to grips with some practical steps to better prepare younger family members to take on leadership positions," he said.
Fawzi AbuRass, who heads KPMG's family business practice in the UAE, said that it was hard to overstate the importance of family groups, who represent about 70% of the region's economy.
"Younger generation business leaders - especially those who are preparing to take on wider responsibilities - are focused on developing the skills and knowledge they need to grow and sustain their businesses. This will be an excellent forum to discuss ways family businesses can successfully deal with the new challenges of the new economy."
Professor RandelCarlock, founding director of the Wendel International Centre for Family Enterprise and Professor in Entrepreneurial Leadership at INSEAD, is one of the keynote speakers.
"Family businesses have two tools to improve business performance and protect family harmony: planning and communication. My work with business families around the world shows that, if we can help business families discuss their shared values and vision and then develop their plans, the family business will be successful."
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About KPMG
KPMG is a global network of professional firms providing audit, tax and advisory services. We operate in 155 countries and have more than 162,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
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© Press Release 2015
