Article (3)
The FCC will have the duties and powers to:
1. develop a comprehensive strategy for supporting and developing Family Companies and Family
Property in the Emirate; propose innovative solutions to manage, and enhance the development,
of these companies and property; and submit the same to the Board of Directors for approval;
2. make proposals on the policies and initiatives designed to enhance the sustainability and
development of Family Companies and Family Property, including the incentives intended for these
companies and property; and submit the same to the Board of Directors for approval in preparation
for their submission to the competent entities in the Emirate to take the appropriate decisions in
respect thereof;
3. build the management skills and competencies of the Partners, founders, and board members of
Family Companies and their children, with a view to ensuring the development of their managerial
skills and achievement of smooth management succession and leadership transition at these
companies;
4. inform the owners of Family Companies and Family Property and raise their awareness on the
government services available for these companies and property and on the legislation governing
the same; and raise their awareness of the importance of adopting a sound governance system
that ensures the sustainability of their Family Companies and Family Property;
5. prepare guiding templates for the Articles of Association of Family Companies and the Governance
Code of these companies, and for the Family Property Contracts, which are governed by the above-
mentioned Federal Law by Decree No. (37) of 2022 and Law No. (9) of 2020 and by other legislation
in force in the Emirate;
6. provide advice and consultation on the procedures for establishment of Family Companies, and on
establishing and regulating Family Property, as required by their owners and in accordance with the
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Decree No. (45) of 2022 Establishing the Family Companies Centre in the Emirate of Dubai
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provisions of the above-mentioned Federal Law by Decree No. (37) of 2022 and Law No. (9) of
2020, the resolutions issued in pursuance thereof, and other legislation in force in the Emirate;
7. propose solutions for addressing the issues and overcoming the obstacles that Family Companies
and Family Property may face in dealing with government and private entities, and submit the same
to the Director General to give the relevant directives as he deems appropriate;
8. coordinate with the concerned organisational units of the DC to propose the means of connecting
the DC with the Family Companies to facilitate and regulate their commercial operations for the
benefit of both parties;
9. organise and participate in events, exhibitions, and conferences that are related to Family
Companies and Family Property and that are conducive to the achievement of the objectives of the
DC;
10. explore, consider, and analyse the situation of Family Companies and Family Property in the Emirate,
and prepare the relevant reports and submit them to the Director General to give the relevant
directives as he deems appropriate;
11. provide technical and administrative support to Family Companies and Family Property with a view
to ensuring their sustainability and the smooth succession of their management to next generations;
and
12. exercise any other duties or powers required for the achievement of the objectives of the DC, as
assigned to it by the Chairman.
Appointment and Functions of the Director
