Jordan: Developing a Model for the Governance of Arab Family Companies and Their Legislation

Article type: Other

Authors: Nasereddin, Yacoub Adel^{a; *} | Nasereddin, Tamara Yacoub^b

Affiliations: [a] Chairman of the Board of Trustees, Middle East University, Amman, Jordan | [b] Faculty of Law, Middle East University

Correspondence: [*] Corresponding author. E-mail: [email protected].

Abstract: The current research aimed to develop a model for the governance of Arab family companies and their legislation, which could contribute to the interconnection between the vision and the structures of supervision and control, and reduce conflicts, and duplication of decision-making and performance. This is an attempt to address the problems faced by Arab family companies, namely the ambiguity of roles, overlapping tasks, lack of discipline and reflection of family problems on the performance and growth of the company due to the absence of a structure for the governance of these companies. The research used survey methods and a literature review to gather opinions and make comparisons and simulations, in order to extract indicators and evidence from them. The research concluded with the development of a model of corporate governance that seeks to unify the components of the various models and their indicators within a single model to avoid the defects in these models and benefit from their advantages and make all practices understandable, easy to implement and review. This article summarises the research and its recommendations to address the various challenges discussed.

Keywords: Family companies, a model for the governance of Arab family companies, legislation

DOI: 10.3233/EPL-200245

Journal: Environmental Policy and Law, vol. 50, no. 4-5, pp. 423-431, 2020