Family owned businesses (FOBs) in the UAE need to establish risk management, internal control, and governance systems in place in order to survive, according to Osama Al Rahma, Director, Al Fardan Group, one of the leading family-owned business conglomerates in the UAE. Al Rahma, speaking at the Family Business Forum of the Internal Audit Festival, organised under the patronage of HH Sheikh Maktoum bin Mohammed bin Rashid, warned only 15% ...