Adili Risk Advisory Services for Family-Owned Businesses
Family-owned businesses (FOBs) are important contributors to the economies of East African countries, such as Kenya. Specifically, in Kenya, these businesses have played a significant role in the growth of the manufacturing sector. However, insights into the operations of family-owned businesses suggest that they often lack strong governance structures, which can negatively impact their performance, competitiveness, and value. Key risks that these businesses face include poor succession planning, inadequate use of technology, and vulnerability to cybersecurity-related fraud.
On March 7, 2023, we invited family business owners to an event focused on our risk advisory services. Led by our CEO, Shital Shah, and Head of Risk Advisory, Willie Oelofse, we discussed the importance of setting up and operationalising a risk management framework and our risk advisory services in relation to family-owned businesses. These businesses play a vital role in the East African economies, and we understand the unique challenges they face regarding risk management.
Adili Risk Advisory is dedicated to protecting the legacy of our clients while helping them drive growth, capital, and wealth potential and look forward to working with them to safeguard their business future.
