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 ?
Stock market listings of family-owned businesses in the GCC that have certain legal corporate structures are rare, given the possible existence of dual-class shares or side agreements that may not be enforceable in court.
But, according to the Small Business Administration, nine out of 10 businesses in this country are family-owned and they represent almost two-thirds of total U.
The findings are significant because approximately 80 per cent of non-oil GDP within the Middle East region is accounted for by family-owned business groups.
More than a quarter (28 percent) of respondents from family-owned businesses indicated that they do not have a board of directors.
A recent research study by CTPartners highlighted the succession planning as one of the key issues when it comes to wealth management and family-owned businesses.
CTPartners believes that regional family-owned businesses, which constitute at least 75 per cent of the private sector economy and employ more than two-thirds of the labour force in the Arab region, need to ensure sustainability beyond the founding fathers and their immediate offspring.
For more perspective on family-owned career universities, read the full version of this column online.
We were excited to present Gifford's Ice Cream with our Gannett Family Business of the Year Award this year," said Tom Juenemann, Director of the Institute for Family-Owned Business.
Klondyke chairman Bob Gault said: "We are very pleased to acquire Holland Arms, which has been a wellrun family-owned business for over 50 years.
To minimize disruptive litigation and family disharmony, family-owned PTCs may be used; in this way, various segments of family members have a voice in governing the trust, and the trust can ultimately be responsive to the goals and needs of the family's various generations.
Wal-Mart: The High Cost of Low Price'' shows how this retail empire achieves those prices while reaping billions in profits and leaving many family-owned business struggling.
Being a small, family-owned company, Gowan cannot achieve its objectives through tactics used by other crop protection providers--we have to apply the same principles upon which Gowan has built its business.

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