Family Business

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Family Business

A company in which one person or a group of related persons is the controlling shareholder. The term connotes a small business, but some family businesses are large, publicly-traded corporations. In the latter case, family members often serve on the board of directors and may appoint some of their number to major executive positions.
References in periodicals archive ?
Family Owned Enterprises (FOE) are the backbone of the Pakistani economy and contribute enormously to employment creation, export earnings and the growth of our economy.
Among the many family owned enterprises are Sangs (Banff) which has won listings in regional ASDA stores for its new Justadash clear fruit concentrate in 1litre PET bottles, an innovative addition to the clear water category which allows consumers to mix their own flavoured still and sparkling waters.
Diversified is recognized for delivering high quality consultative senior-level executive search services and corporate Board searches to clients ranging from the world's largest companies and private equity firms to smaller family owned enterprises and not-for-profits.
At the core of family owned enterprises is a focus on long-term, sustainable growth and that is why they continue to be a beacon of hope for hiring and revenue growth, despite the sluggish economy," said FEUSA President Ann Kinkade.