Corporate & Business

Family Business Governance and Family Charters

We help owning families organise the relationship between family, ownership and management, and draft a family charter that preserves the founder's role and secures a smooth transition between generations.

Why work with a specialist?

A family business brings together three connected circles: family, ownership and management. That connection is a strength, but it turns into conflict when rights and powers are unclear, especially when ownership passes between generations.

Who is this service for?

  • Founders who want their company to continue after them.
  • Families with several generations and owning branches.
  • Family companies that want to separate family affairs from management.
  • Heirs who need to organise their ownership in an existing company.

What we do

Family charter

Drafting a charter that sets out values, rights and the rules on work and employment in the company.

Family council

Organising a family council and its relationship with the board and general assembly.

Succession plan

A plan for passing leadership and ownership between generations.

Ownership and exit rules

Rules on share transfers, pre-emption and valuation on exit.

Dispute prevention

Clear mechanisms to resolve family disagreements before they reach court.

How we work

  1. Listening to the founder and family members

    01
  2. Analysing the family, ownership and management relationship

    02
  3. Proposing governance rules and a succession plan

    03
  4. Drafting the family charter and its documents

    04
  5. Supporting the family as the charter is applied

    05

Specialist academic supervision

The firm works under the academic supervision of Prof. Dr. Abdulrahman bin Nafa Alsulami, former Head of the Financing Disputes and Violations Circuit in Jeddah, supervisor of postgraduate judicial studies at King Abdulaziz University, and Executive Member of the Fatwa and Sharia Supervisory Board of Gulf International Bank (GIB).

Supervisor's academic profile

Frequently asked questions

Is a family charter binding?

Its binding force grows when its provisions are carried into the company's legal documents, such as the articles and agreements, and we help build that link.

Does governance reduce the founder's authority?

Not necessarily. Well-designed governance can preserve the founder's strategic and supervisory role within the law.

When should we start?

Ideally while the founder is present and relations are stable; building rules before a dispute is far easier than during one.

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