The Malta Association of Family Enterprises (MAFE) is a non-governmental organisation established in 2011 to represent and support family-owned businesses in Malta. Recognising that approximately 75% of Maltese businesses are family-run, MAFE's mission is to advocate for their interests, promote sustainable growth, and facilitate smooth generational transitions. MAFE was co-founded by Chetcuti Cauchi's managing partner Jean-Philippe Chetcuti who served several terms as secretary and president and who was instrumental in the association proposals that led to the enactment of the Malta Family Business Act.
MAFE's Key Activities and Initiatives
- Advocacy and Policy Development: MAFE has been instrumental in lobbying for legislation beneficial to family businesses. A notable achievement is its contribution to the development of the Family Business Act, designed to support the continuity of family enterprises and raise awareness about their significance in the economy.
- Educational Programs: The association emphasizes the importance of governance and succession planning. It has collaborated with educational institutions to offer certified courses on family business governance, aiming to equip members with the necessary tools to navigate challenges unique to family enterprises.
- Seminars and Workshops: MAFE organizes events focused on enhancing governance structures within family businesses. For instance, in October, a seminar titled "Developing the Family Business Governance Structures" was held to guide members in establishing effective governance frameworks.
- Networking Events: To foster collaboration and knowledge sharing, MAFE hosts networking events. A recent example is the event "Viewing Succession of Family Businesses Through the Eyes of the Next Generation of Leaders". This gathering featured discussions on effective succession preparation and intergenerational collaboration.
MAFE Board
The founding members of MAFE include:
- Mario Duca: President
- Jean-Philippe Chetcuti: Secretary
- Charles Mercieca: Treasurer
- Laura Sue Armeni: Administrator
- Ray Soler: Administrator
- Angelo Xuereb: Administrator
- Alfred Fenech: Administrator
- Doris Sammut: Administrator
- Mario Bonnici: Administrator
MAFE Family Business Publications
MAFE has contributed to literature aimed at guiding family businesses. A notable publication is "The Maltese Family Business: Getting Organised," which addresses various challenges faced by family enterprises and offers insights into effective governance and succession planning.
"The Maltese Family Business: Getting Organised"
"The Maltese Family Business: Getting Organised" is a publication by APS Bank Malta plc, first released in 2015. This guide addresses the unique challenges faced by family businesses in Malta, offering insights into effective governance and succession planning. The book covers topics such as understanding family business dynamics, managing change, financial planning, governance structures, conflict resolution, tax implications, the use of trusts, and crafting a family business constitution. Contributors from various specialist fields share their knowledge and experience, aiming to assist family business owners, members, and advisors in navigating the complexities inherent to family enterprises. Chapters written by Chetcuti Cauchi partners include:
- A Legal Toolkit for Family Businesses - Dr Jean-Philippe Chetcuti
- Family Business Transition Planning
- The Use of Trusts for Family Businesses - Dr Priscilla Mifsud-Parker
Through these initiatives, MAFE continues to play a pivotal role in strengthening the family business sector in Malta, ensuring its members are well-equipped to thrive across generations.
MAFE on Linkedin | MAFE on FaceBook
