NCFB National center for Family Business
The center provides a range of services and effective communication with four groups of stakeholders, family enterprises, government agencies, advisors and experts, as well as community members and workers. NCFB works with some government agencies, including the Ministry of Commerce, as both cooperated in drafting the New Companies Law, to ensure that the law covers the necessary capabilities for the sustainability of family enterprises. Furthermore, the center works with the Ministry of Justice under the concept of preventive justice to develop ideas aimed at protecting facilities from falling into conflicts. In addition, it cooperates with the ministry’s judicial digital platform Taradhi in the disputes resolution program to ensure the sustainability of facilities and reduce the consequences of litigation. In addition, the nature of the center’s intervention included advisory sessions, proposition of visions and proposals, attempts to develop solutions, and work to build consensus on these solutions. The center also cooperates with the Ministry of Commerce to develop a guide for preparing family charters. This is to help the facilities write and prepare family charters in accordance with the regulations and legislation in the Kingdom. NCFB offers a set of tools to motivate family enterprises to adopt best practices. The center presented more than 50 programs in over 10 cities across the Kingdom to reach family enterprises and provide them with the top practices.