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 ?
The study sets out to explore and measure the benefits of a transforming traditional family owned enterprises into a strong brand in the Indian context.
The industry consists of companies of all sizes, from small family owned enterprises to multinational giants.--Key issues covered in the Communication include the industry's need for access to mineral resources, clear and proportionate legislation at Community, national and local level and efficient administrative structures and procedures, especially at local level where many decisions are made about the exploitation of mineral resources.
The barometer is compiled by accountancy group KPMG and European Family Businesses, a Brusselsbased federation of national associations representing long-term family owned enterprises.
The LCCI in collaboration with Q Consulting, arranging a workshop to equip Family Owned Enterprises with tools and training to implement sound Corporate Governance and Succession Planning practices in their business to ensure long term sustainability.