RSM Dahman partners with Eureka Financial to help family owned businesses
- United Arab Emirates: Tuesday, October 30 - 2012 at 14:31
- PRESS RELEASE
RSM Dahman, accounting and auditing firm based in UAE and a part of RSM International, announced a strategic partnership agreement with Eureka Financial Ltd, a leading wealth management and financial training organization from UK to educate and help family business owners across UAE on 'Managing the Family Enterprise'.
"We recognize the need for a multi-disciplinary approach and we hear the problems faced by our clients and by family businesses in the region. We felt a pressing need to address these issues and hence we have partnered with Eureka and brought in Bill Humphreys to spearhead the workshop and to educate the audience in UAE" said Mr. Dahman Awadh Dahman, Founding Partner of RSM Dahman.
Addressing some of these issues, Bill Humphreys, a renowned wealth manager, financial trainer and Managing Consultant at Eureka Financial Ltd. said, "Family businesses are complex systems involving three independent but overlapping sub-systems, family, business & ownership. The family businesses will become increasingly complex over time as the self-interests of the different stakeholders diverge."
"Conflict is inevitable and in fact patterns of conflict are becoming more and more predictable. Governance systems, planning and transparent communication are essential tools for any family business looking to endure beyond the first generation," Humphreys added.
Business advisors, in the past, focused on their own specific area of professional expertise; trusts, offshore companies, tax. This approach, in the present business world with complex needs and the wide range of self-interests and unprecedented financial times, is unlikely to be successful.
The 'Managing Family Enterprise' workshops were attended by leading first and second generation of family business owners in United Arab Emirates
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.