The Palestine Exchange (PEX) Forum on Family Business Concludes with a Call for More Governance and Institutionalization Prior to Listing on the Exchange
Mr. Ahmad Aweidah, the Palestine Exchange (PEX) Chief Executive Officer, announced the concluding recommendations of the 5th Annual Palestinian Capital Market Forum, held in Ramallah, Palestine on 21 November 2011.
(Photo: http://www.newscom.com/cgi-bin/prnh/20111128/492216 )
With family owned business constituting 85% of business entities in Palestine, the forum debated ways to graduate such companies to publicly held entities on the Palestine exchange by virtue of focusing on governance, institutionalization and professionalism as necessary steps for the transition in order to grow and sustain the business operations in an incredibly globalized economy.
The following are key recommendations of the Forum:
The Forum was held under the patronage of Prime Minister HE Dr. Salam Fayyad, and with the participation of representatives of both the private and the public sectors from Palestine and abroad. The Forum was sponsored by PADICO Holding - Diamond Sponsor; the Palestine Investment Fund (PIF) - Silver Sponsor; Ernst and Young - Silver Sponsor; and a joint exclusive media sponsorship from Ellam Tam for Communications and Public Relations and PR Newswire.
For further information on the 5th Annual Palestinian Capital Market Forum, presentation and the final recommendations, please visit: http://www.pex.ps/forum
For more information contact:
Ms. Fida' Musleh/Azar
Manager of Public Relations & Investor Education
Tel: +970 (or +972) 9-2390999
Mobile: +970 (or +972) 599-828-608
Email: [email protected]
http://www.pex.ps
