Membership Overview FBN GCC members are well-established and influential companies in the GCC. By joining FBN GCC, all members are automatically a member of FBN-International. The Board decides on the membership application of new members. Membership is made in the name of a principal applicant, actively involved in the management of the family business, along with four additional family members. Additional family members can attend FBN GCC programs at event cost. Membership Criteria We welcome family businesses who share all the following criteria: Family has reached the second generation in terms of ownership and management Family has a controlling ownership interest in the firm Firm has a distinctive and respected position in their industry Family business has established a governance and succession mechanism Firm has commenced professionalization and regional or international expansion An annual turnover of USD$ 500 million (For Founder category only) Note: In the case of a listed company, the family business possesses 25% of the right to vote through their share capital and there is at least one family member on the board of the company Membership Contribution The annual membership contribution for the various categories are as follows: Founder USD$ 20,000 for one term of 12 months and applicable to five family members of the family business Fellow USD$ 10,000 for one term of 12 months and applicable to two family members of the family business, and encourage one of the two to be from the next generation (below under the age of 39 years old) NexGen USD$ 1,000 for one term of 12 months and applicable to one family member under the age of 39 years old Membership Process The membership process with FBN GCC consists of the following: Complete and Submit Membership Application Form Board Review of Membership Application Formal FBN GCC Response (Approve or Decline) Complete Membership Payment Official Welcome Letter and New Member Pack Page 1 of 3 Membership Benefits Global Database | Access to a global network and membership directory of over 6,200 family business members Research Resources | Access to FBN Xchange, an on-line resource library of case studies, articles, and presentations to help deepen your knowledge on family business issues Member-only Events | Invitation to member-only events FBN International Summit, NxG Summit and FBN GCC regional forums, roundtables and workshops Next Generation Development | International internships in over 100 companies to help prepare the next-generation members (18 – 39 years old) in our network Peer Learning and Networking | Opportunities to expand outlook by sharing experiences, issues and best practices with like-minded peers Capacity Building and Social Impact | Understand socioeconomic impact of family businesses, obtain valuable insights for policy stakeholders and collaborate on high impact social initiatives FBN GCC Code of Conduct FBN members worldwide subscribe to a universal code of conduct to ensure a supportive and safe environment for business families within our network. Trust and Openness | The network is founded on the principles of open communication and trust Participation | Active participation by members is the vital ingredient that makes the network valuable Confidentiality | Members are committed to sharing experiences and insights in an atmosphere of confidentiality Respect and Professionalism | Discussions and debates are conducted in a respectful and professional manner Non-solicitation |The network is not a platform to market products or services. It is a forum to learn from the exchange of ideas and experience Page 2 of 3 Membership Applicant Information Family Business Name Year Founded Active Generation Annual Turnover Number of Employees Industry / Business Sector(s) Geographic Coverage Website Are you a Publicly Traded company? If yes, do you own 25% or more in share capital? Applicant Name Applicant Title Applicant Generation Cycle Phone Email Assistant Name and Email Mailing Address How many members would you like to register? Please provide their names, designation, role in family business, and email address Date____________ Name________________________ Signature__________________ I hereby agree to the membership criteria, benefits, financial contribution and code of conduct in this membership application. Please submit your application via e-mail to [email protected], fax: +971 4 383 3501 or by mail to Gate Village 10, 8th Floor, PO Box 214432, Dubai, United Arab Emirates. Your application will be submitted to the Board of Directors for review and approval. Page 3 of 3
© Copyright 2024