---
title: "The GCC Governance Code: Gove… | Insights — Lyoen & Partners"
url: https://lyoenandpartners.com/insights/the-gcc-governance-code-governance-guidelines-for-family-businesses
description: "Edition 1, copyright 2016 with no month printed, drafted with Al Tamimi and Co and carrying a chairman's message signed Abdul Aziz Abdulla Al Ghurair, org…"
lang: en-US
---

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Friday, January 1, 2016succession

# The GCC Governance Code: Governance Guidelines for Family Businesses

Edition 1, copyright 2016 with no month printed, drafted with Al Tamimi and Co and carrying a chairman's message signed Abdul Aziz Abdulla Al Ghurair, organised in five parts covering family, ownership, corporate, wealth and public engagement governance. It states that the family charter "is not a legally binding document with regards to the issues it covers" and can only be implemented through instruments such as a memorandum of association, and sets a benchmark that "at least a third of the members should be completely independent". It publishes a specimen family employment policy with hard thresholds: five years of outside work experience, three of them with the same employer, at least two promotions, no permanent entry-level hiring, supervision by a non-family member, and temporary employment only below age 30 and never longer than one calendar year per unit.

Sources

Family Business Council-Gulf (https://fbc-gulf.org/mediafiles/articles/doc-1360-20171116053708.pdf)

Region: Gulf (GCC): https://lyoenandpartners.com/insights/region/gcc

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