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.