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 ?
Dave Robertson is the director of the Family Enterprise Center at the University of Arkansas at Fort Smith.
KPMG's Global head of family business Christophe Bernard shed light on transition in family enterprises and preparing the next generation to move into leadership roles.
This article introduces the 12th special issue in the ongoing series "Theories of Family Enterprise" published in Entrepreneurship Theory and Practice.
The starting point in financial plan of family enterprise is the assumption that financing with owner's equity is carried out on the basis of the resources derived from the family circle (Scherer et al., 2012).
When first- and second-generation leaders of these companies reach the end of their tenures, family enterprises must select future leaders and equip them for success.
"It is therefore a privilege to have supported this application to the Wates Family Enterprise Trust and I am confident that this legacy funding will significantly contribute to continuing the local benefit beyond the life of our work for Merseyside Fire and Rescue Service."
"We will continue to focus on organic growth." Following the takeover and successful integration of its French competitor, Graveleau, in 1999, Azkar is the second major corporate buyout in the family enterprise's history.
Family enterprise in the Asia Pacific; exploring transgenerational entrepreneurship in family firms.
Speaking at the opening of Minister Coveney said: "It is impressive to see a family enterprise taking in high quality milk from family farms and making a unique product."
jewelers in Newport, a family enterprise operating since 1948.
A fourth-generation family enterprise and one of the largest public refrigerated warehousing companies in North America, Henningsen was recognized for its focus on customer care, employee satisfaction and sustainable practices.

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