(Compatibility is the key to sustainability and sustainability is the key to sustainable development)

Family (including  wider family):

The founding generation plus people from the previous generation, the current generation, the next generation, and future generations ( Whether present in business as leaders or managers, or social responsibilities and humanitarian and philanthropic affairs, or as current or future responsible owners who are at different ages in the family and can include uncles or aunts or aunts or Uncle  or cousins ​​or aunts or cousins  And… also)

Compatible:

Adaptable, tending towards purposefulness, the necessity of survival and development, dynamic and transformative, diversity while maintaining unity, (it is worth mentioning that other methods of change such as confronting, letting go and compromising (dealing with the existing situation) lead to The change does not become real and effective)).

Compatibility is achieved as a result of multi-generational participation and management of differences, and it requires flexibility and willingness to change, conscious patience and a long-term perspective during the succession process and after it, and it is vital between all family members.

Heritage :

It also includes the following:

• Founder’s statement of intent
• Values, beliefs, traditions and positive family culture
• Real estate and investments and financial credits
• Shares of active companies and industrial service commercial brands
• Intellectual capital (stakeholders’ trust, communication and organizational activities, etc.)
• Good name, social credit, employer brand and family brand
• Social responsibilities (including humanitarian and benevolent affairs)
• Bequests, thirds and remainders of virtues, endowments, offerings, etc
• …

Lasting legacy:

Inheritance is a characteristic whose recognition guides its heirs to the fact that firstly they should not be careless in dealing with its existence, secondly, inheritance is not a normal and normal possibility and advantage, but the result of experiences and exhausting efforts of past generations, which knowledge and benefit Getting it right will be a guide and guide for the current and future generations.

In a family business, heritage is a fabric that links the main purpose of the business to the family’s values ​​and its meaningful achievements in several generations, and preserves and perpetuates this permanent link throughout the generations.

 

Sustainable Development: 

in the local, national and international community around the axes defined by the United Nations based on the document (definition of intergenerational success and sustainable development in line with the  POLARIS project wpml_nbsp UNCTAD organization wpml_nbsp)  and (FBN INTERNATIONAL

 

The Sustainable Development Goals (SDGs) provide family businesses with opportunities to create shared prosperity for all. We are committed to act by advocating and supporting the following principles regarding the Sustainable Development Goals:

• Sustainable growth: Promote and model business practices and investments that drive sustainable economic growth and create long-term value for all current and future stakeholders.
• Environmental monitoring: By taking immediate measures on climate change, creating the possibility of sustainable production and consumption, and promoting the responsible use of natural resources, have a positive long-term impact.
• Social inclusion: Promote inclusive practices in our communities and beyond, including diversity and decent work, to ensure that both current and future generations achieve their dignity and potential.
• Good Governance: Creating healthy family structures and corporate governance that is transparent, inclusive and responsive to stakeholders. To ensure compliance with ethical and corruption-free business practices.