CBD hosts seminar

The event was exclusively held for owners of family businesses and high net worth individuals in the UAE.

Professor Anthony Hourihan, who is a professor in Management of Financial Institutions at University College in Dublin and lectures at the London Business School and INSEAD - France, conducted the seminar which provided insights on the latest trends in managing family businesses.

In his opening address, Mr. Peter Baltussen, Chief Executive Officer of CBD said: "Customers have always been CBD's first priority and we believe hosting such seminars provides value added information to our clients. CBD hosts a variety of informative seminars and workshops to address everyday challenges that our business clients face."

The seminar consisted of three main topics, the first one being, "How family businesses are different and understanding the cycles in family firms" followed by the "Role of the Board of Directors in Family Business and the rights and responsibilities of Family and non-family shareholders."

Finally, Hourihan concluded his seminar with the last topic which was about succession issues and realizing the dream of successful generation to generation transition and financing the growth of the family firm: Going public of staying private and other key financing issues.

The seminar was attended by a mix of high Net Worth Customers of CBD as well as business owners which provided them with a great opportunity to network amongst themselves, making the seminar a great success.

"We were very pleased with the response and extremely delighted to contribute business owners with international best practices where it concerns strategic mangement techniques." said Peter Baltussen, Chief Executive Officer of CBD.