Aliko-Dangote spoke during the Forbes Global CEO Conference in Bangkok, Thailand, during a panel session, tagged, ‘Family Business: Looking at the Next Frontier’.

“FOBs have proven to be resilient, weathering challenges and thriving across multiple decades. Despite facing external pressures, many FOBs not only survive but also grow, contributing significantly to the global economy in ways that are often underestimated or overlooked,” she said.

Aliko-Dangote said success in family-owned businesses starts with shared values, goals, governance policies and alignment, adding that reputation is a component of “family capital”.

According to the executive director, governance structure, adherence to core values, customer satisfaction, optimisation of shareholder value, meritocracy, integrity, leadership, brand equity, diversification and growth, philanthropy and preserving generational wealth “play crucial roles in the success of our businesses”.

She said Dangote Group’s governance policies do not allow the board and management to operate in isolation as each business unit has at least three independent directors who give a holistic view.