This document summarizes a survey of 525 of the world's largest family businesses from 21 global markets. The key findings were:
1) Family businesses have higher rates of women in leadership positions than global averages, with an average of 22% of top management roles and over half having at least one woman on the board.
2) Family businesses emphasize long-term sustainability over short-term goals, which helps break down biases over time and allows more women to rise into leadership. Having more women in leadership is also correlated with higher growth targets.
3) An inclusive culture where the interests of family and employees are balanced creates an environment where women thrive. Activities like next-generation preparation, family business branding,
This document summarizes a survey of 525 of the world's largest family businesses from 21 global markets. Some key findings from the survey include:
- Women make up on average 22% of the top management teams and 16% of board members of family businesses, which is higher than global averages.
- Family businesses have on average 5 women in C-suite positions and are grooming 4 women for top leadership roles.
- 41% of family businesses report growing female family member interest in joining the business in recent years.
- 70% of family businesses are considering a woman for their next CEO.
The document argues that family businesses' emphasis on long-term thinking, role models, and inclusive environments make them more
1) The document discusses how organizational culture may be a key factor holding back greater gender diversity in senior leadership, despite programs aimed at increasing diversity.
2) It presents research finding a link between having women in senior roles, a high-performance culture, and stronger financial performance. However, culture has been overlooked as a factor.
3) The research studied 50 leading organizations and found that those with the strongest cultures and financial performance also had the highest proportions of women in executive roles, indicating culture may enable greater diversity.
Promoting multidimensional teams has a positive impact on business outcomes. Female presence in company's executive bodies is essential to build business projects that are successful and long-term oriented.
During the meeting held by Woman's Week foundation and the Association of Directors of Communication in Spain (Dircom), Chief Communication Officer and companies, committed to equal opportunities and diversity, professionals discussed about CSR regarding gender diversity.
We are indeed living a shift of paradigm where companies are more sensitive to the economic importance of their role as social actors and the strategic and integrated management of key intangible assets such as reputation, brand, communication or public issues. We are immersed in the so-called "reputation economy".
The main advantages of promoting diversity within the corporation are the greater capacity of attracting and retaining talent, improvement of leadership and innovation strategies and a closer approach to key stakeholders for the company. In fact, the main idea of the concept of diversity is to optimize human resources presented by heterogeneous groups, this is to say, diverse regarding the gender, age, race or nationality of their members.
We are making progress in integrating diverse teams in the organization, but we are still below the goal of 40 % female board managers in companies set out by the European Parliament and the European Commission.
This insight addresses the current situation and future leadership, where diversity will play a major role for sure.
Why Gender Diversity Matters at Work | ChronusChronus
Making up 47% of the current workforce and growing, women are prime candidates for filling the leadership pipeline that will soon be left lighter by a departing generation of workers. And yet, the higher you look in companies, the fewer women you see, with C-level positions comprised of only 19% women.
Learn how greater gender diversity can improve your organization, and why mentoring is an ideal solution to enable women in the workplace.
Download the full Ebook: http://ow.ly/fGyK30fCsaB
This document discusses gender diversity in organizations. It provides several facts and statistics showing that while many organizations aim to increase the number of female employees at mid-levels, very few see increases at executive levels. Research shows gender diverse companies outperform those that are not, and diversity can significantly boost economic growth. However, barriers remain like lack of flexible work arrangements and support for women, especially in negotiating compensation and rising to leadership. The document examines benefits of diversity and key factors important to retaining women, such as leadership programs and mentoring, though organizations often fail to provide these.
This document outlines the business case for inclusionary leadership and engaging men as allies in gender diversity efforts. It discusses how a lack of gender diversity, especially in leadership, negatively impacts businesses. Research shows companies with gender-diverse leadership earn higher profits and revenues. The document advocates for making gender partnership a priority and provides solutions like workshops and training programs to educate men and help them become allies. It presents a roadmap for organizations to establish an inclusive culture through leadership commitment, communication, and ensuring sustainability over multiple years.
Women face barriers to advancement and unequal treatment in the workplace according to a study of over 130 companies and 34,000 employees. Women are less likely to be promoted or hired externally, especially to senior roles. As a result, few women reach the senior-most levels. Women also receive less access to opportunities, senior leaders, developmental assignments, and feedback. They are more likely to be penalized for negotiating promotions. Fewer women than men aspire to top leadership roles, and women have less confidence in achieving those roles. Women of color face even greater challenges and are the most underrepresented group. Overall, the study finds women experience disadvantages and unequal treatment compared to men throughout their careers.
The document analyzes data from Grant Thornton's annual research on the proportion of senior business leadership roles held by women globally. Some key findings:
- The proportion of senior roles held by women has increased only slightly over the past decade, from 19% to 22%, and the proportion of businesses with no female leaders has decreased from 38% to 32%.
- Eastern Europe leads in gender diversity, with 35% of senior roles held by women, while Japan remains at the bottom with only 8%.
- While some European countries have made progress through quotas, little change was seen in North America or the UK. Latin America has declined, with Brazil seeing a large drop.
- Asia-Pacific shows some
This document summarizes a survey of 525 of the world's largest family businesses from 21 global markets. Some key findings from the survey include:
- Women make up on average 22% of the top management teams and 16% of board members of family businesses, which is higher than global averages.
- Family businesses have on average 5 women in C-suite positions and are grooming 4 women for top leadership roles.
- 41% of family businesses report growing female family member interest in joining the business in recent years.
- 70% of family businesses are considering a woman for their next CEO.
The document argues that family businesses' emphasis on long-term thinking, role models, and inclusive environments make them more
1) The document discusses how organizational culture may be a key factor holding back greater gender diversity in senior leadership, despite programs aimed at increasing diversity.
2) It presents research finding a link between having women in senior roles, a high-performance culture, and stronger financial performance. However, culture has been overlooked as a factor.
3) The research studied 50 leading organizations and found that those with the strongest cultures and financial performance also had the highest proportions of women in executive roles, indicating culture may enable greater diversity.
Promoting multidimensional teams has a positive impact on business outcomes. Female presence in company's executive bodies is essential to build business projects that are successful and long-term oriented.
During the meeting held by Woman's Week foundation and the Association of Directors of Communication in Spain (Dircom), Chief Communication Officer and companies, committed to equal opportunities and diversity, professionals discussed about CSR regarding gender diversity.
We are indeed living a shift of paradigm where companies are more sensitive to the economic importance of their role as social actors and the strategic and integrated management of key intangible assets such as reputation, brand, communication or public issues. We are immersed in the so-called "reputation economy".
The main advantages of promoting diversity within the corporation are the greater capacity of attracting and retaining talent, improvement of leadership and innovation strategies and a closer approach to key stakeholders for the company. In fact, the main idea of the concept of diversity is to optimize human resources presented by heterogeneous groups, this is to say, diverse regarding the gender, age, race or nationality of their members.
We are making progress in integrating diverse teams in the organization, but we are still below the goal of 40 % female board managers in companies set out by the European Parliament and the European Commission.
This insight addresses the current situation and future leadership, where diversity will play a major role for sure.
Why Gender Diversity Matters at Work | ChronusChronus
Making up 47% of the current workforce and growing, women are prime candidates for filling the leadership pipeline that will soon be left lighter by a departing generation of workers. And yet, the higher you look in companies, the fewer women you see, with C-level positions comprised of only 19% women.
Learn how greater gender diversity can improve your organization, and why mentoring is an ideal solution to enable women in the workplace.
Download the full Ebook: http://ow.ly/fGyK30fCsaB
This document discusses gender diversity in organizations. It provides several facts and statistics showing that while many organizations aim to increase the number of female employees at mid-levels, very few see increases at executive levels. Research shows gender diverse companies outperform those that are not, and diversity can significantly boost economic growth. However, barriers remain like lack of flexible work arrangements and support for women, especially in negotiating compensation and rising to leadership. The document examines benefits of diversity and key factors important to retaining women, such as leadership programs and mentoring, though organizations often fail to provide these.
This document outlines the business case for inclusionary leadership and engaging men as allies in gender diversity efforts. It discusses how a lack of gender diversity, especially in leadership, negatively impacts businesses. Research shows companies with gender-diverse leadership earn higher profits and revenues. The document advocates for making gender partnership a priority and provides solutions like workshops and training programs to educate men and help them become allies. It presents a roadmap for organizations to establish an inclusive culture through leadership commitment, communication, and ensuring sustainability over multiple years.
Women face barriers to advancement and unequal treatment in the workplace according to a study of over 130 companies and 34,000 employees. Women are less likely to be promoted or hired externally, especially to senior roles. As a result, few women reach the senior-most levels. Women also receive less access to opportunities, senior leaders, developmental assignments, and feedback. They are more likely to be penalized for negotiating promotions. Fewer women than men aspire to top leadership roles, and women have less confidence in achieving those roles. Women of color face even greater challenges and are the most underrepresented group. Overall, the study finds women experience disadvantages and unequal treatment compared to men throughout their careers.
The document analyzes data from Grant Thornton's annual research on the proportion of senior business leadership roles held by women globally. Some key findings:
- The proportion of senior roles held by women has increased only slightly over the past decade, from 19% to 22%, and the proportion of businesses with no female leaders has decreased from 38% to 32%.
- Eastern Europe leads in gender diversity, with 35% of senior roles held by women, while Japan remains at the bottom with only 8%.
- While some European countries have made progress through quotas, little change was seen in North America or the UK. Latin America has declined, with Brazil seeing a large drop.
- Asia-Pacific shows some
Men's views on gender diversity in the workplace 092016Todd Mc Brearty
The document summarizes the findings of a survey of over 300 working men in the US about gender diversity in the workplace. Key findings include:
- While 1/3 of men think women are generally treated unfairly at work, only 10% think it's an issue at their own workplace.
- Men see inclusion as the biggest challenge faced by women, not lack of mentorship or work-life balance.
- Less than half of men have publicly advocated for gender equality, with 1/5 admitting they have not acted as allies.
- There is a perceived gender imbalance in most workplaces, with women making up less than half of employees and top management.
How to Encourage Gender Diversity in the WorkplaceErica Hill
The document discusses how to encourage gender diversity in the workplace. It emphasizes keeping diversity and equality at the forefront when considering workplace culture. Gender diversity leads to massive improvements. Research shows that companies with higher female representation on boards significantly outperform those with no female directors. Specific recommendations include blinding the hiring process by removing names and gender identifiers from resumes, basing pay on recent salary data rather than past earnings to address the gender pay gap, and reevaluating performance reviews to recognize team accomplishments and productivity that value skills more common among women.
- Women's participation in education has greatly increased globally over recent decades, especially in developing economies, with females now enrolling in tertiary education at higher rates than males in many countries. However, this progress is not reflected in business graduate intakes or senior management roles.
- On average, just 21% of business graduate hires globally are women, and the proportion of women in senior management has stagnated at 24% despite greater numbers of educated women.
- There are significant variations between regions and industries, with women comprising over half of senior roles only in education and social services but far fewer in industries like technology. This suggests businesses may be missing out on talent that could boost their growth.
This document summarizes a report on gender diversity in European companies. It finds that while women's representation on corporate boards has grown in recent years, it remains lower on executive committees. Most companies have initiatives to promote gender diversity but have yet to see significant results. The best performing companies show high management commitment, carefully monitor gender representation, and address mindsets to support diversity. However, women remain underrepresented at senior levels across industries due to leaks in the talent pipeline as they advance.
Question # 1: What differences between women and men are there?
Question # 2: What are some examples of low gender diversity?
Question # 3: What are some examples of high gender diversity?
Question # 4: How do we measure gender diversity?
Companies with higher levels of female leadership and gender diversity on their boards experience greater financial returns and profitability. Studies show companies with 30% or more women in leadership roles have profit margins 6% higher on average than companies with less female leadership. Teams with more women also tend to have higher collective intelligence as measured by performance on tasks. However, women remain underrepresented at senior levels in companies and face barriers to advancement. Closing the gender gap in leadership requires addressing unconscious biases, improving hiring and promotion practices, and developing women's careers through mentorship and access to critical experiences.
Emily Swartzlander, Chief Strategist, Family Forward NC
What will a family friendly workplace of the future look like? Emily will share best practices from Family Forward Workplaces.
Boyden is a global executive search firm founded in 1946 with over 65 offices in more than 40 countries. They specialize in providing leadership and talent advisory services across a range of industries and practices, including CEO & Board Services, Human Resources, Private Equity & Venture Capital, and Professional Services & Real Estate. The document discusses Boyden's research on increasing female leadership, including barriers faced by female executives and how organizations can better support women leaders to improve business performance.
Talent Q provides online psychometric assessments, training, and assessment consulting to help organizations address talent management challenges throughout the employee lifecycle.
The Business Case of Gender Diversity and the UN Women Empowerment PrinciplesAnke Domscheit-Berg
Presentation held at the Business and Professional Women's International Congress in Helsinki, Finland, 18.06.2011.
Topic: The Business Case of Gender Diversity and the UN Women Empowerment Principles
Etude Strategy& "Chief Executive Study" sur les femmes dirigeantes (2014)PwC France
http://pwc.to/1laNcy5
Au cours des dix dernières années, la part des femmes devenues dirigeantes d’entreprises a été supérieure de 75% à celles ayant quitté leurs fonctions. Ce solde, largement positif, est emblématique d’une tendance de fond qui s’est accélérée au cours des 5 dernières années. Telle est la principale conclusion de l’édition 2014 du « Chief Executive Study : women CEOs of the last 10 years » publiée par le cabinet Strategy&. Chaque année depuis 14 ans, le « Chief Executive Study » analyse le turnover des dirigeants d’entreprises. Cette année, l’étude s’est plus particulièrement intéressée aux femmes dirigeantes d’entreprises et à l’évolution de leurs parcours depuis 10 ans.
Bringing diverse perspectives to leadership positions, including more women, produces positive business outcomes. While women now make up one-third of the global workforce and run many enterprises, they remain underrepresented in higher management and board positions. This is an issue companies need to address given aging populations and the need to make full use of available talent. Experts recommend companies promote flexibility, skills training, and policies to support career progression for women.
The goal of the CEO & Gender Media Audit was to understand the media coverage of CEOs in various situations and determine if there are differences in the way male and female CEOs are covered.
The CS Gender 3000: Women in Senior ManagementCredit Suisse
Greater gender diversity in companies' management improves their financial performance. A new Credit Suisse Research Institute study presents the financial evidence, looks at which regions and sectors show higher diversity levels and analyzes the obstacles to female participation in the workplace.
To download a copy of 'CS Gender 3000: Women in Senior Management', click here: http://bit.ly/1cWMUIM
Discover the barriers holding companies back from having the diversified teams needed to boost their results, ignite innovation and excellence. Learn what can be done to bridge the gap.
This document summarizes a webinar on diversity and gender equity as an investment opportunity and the progress and impact of the Women's Empowerment Principles. The webinar featured presentations from UN representatives, consultants, and investors on the business case for empowering women, company examples that have embraced the Women's Empowerment Principles, and the perspective of investors on gender diversity as a smart investment strategy. Data was presented showing that companies with gender diversity in leadership and board positions outperform those without, and initiatives like the Women's Empowerment Principles provide a framework for companies to realize opportunities from empowering women.
An Interesting Panel discussion including senior diversity representatives from KPMG and TD Bank Financial Group followed the opening sessions, focused on how diversity is actually being moved forward in these organizations. Session 1: Dr. Wendy Cukier: The Diversity Lens: Leading Practices in Recognizing the Benefits of Diversity, Session
This document discusses challenges surrounding succession planning in family-owned businesses in Zimbabwe based on interviews with founding entrepreneurs. The key challenges identified are:
1) Lack of communication as the founding entrepreneurs are reluctant to openly communicate about their succession plans for fear of causing family conflicts over who will inherit the business.
2) Lack of preparedness and appropriateness of potential succession candidates as heirs apparent may not be in good standing with the rest of the family.
3) Dysfunctional family conflicts as communicating succession intentions risks "opening a can of worms" and splitting the family apart over who should inherit control of the business.
4) Reliance on primogeniture where the oldest son is traditionally
The document summarizes key findings from a survey of the world's largest family businesses. It finds that these businesses excel at succession planning by viewing it as a long-term process, clearly defining responsibilities, and extensively preparing younger generations. They also far surpass averages in promoting women to leadership positions. Additionally, the businesses maintain family focus in their governance structures while achieving strong performance.
The document summarizes key findings from a survey of the world's largest family businesses. It finds that these businesses excel at succession planning by viewing it as a long-term process, clearly defining responsibilities, and extensively preparing younger generations. They also have strong female representation in leadership, with 70% considering a woman for their next CEO. Additionally, these businesses have highly cohesive family involvement, with most boards comprised primarily of family members.
Men's views on gender diversity in the workplace 092016Todd Mc Brearty
The document summarizes the findings of a survey of over 300 working men in the US about gender diversity in the workplace. Key findings include:
- While 1/3 of men think women are generally treated unfairly at work, only 10% think it's an issue at their own workplace.
- Men see inclusion as the biggest challenge faced by women, not lack of mentorship or work-life balance.
- Less than half of men have publicly advocated for gender equality, with 1/5 admitting they have not acted as allies.
- There is a perceived gender imbalance in most workplaces, with women making up less than half of employees and top management.
How to Encourage Gender Diversity in the WorkplaceErica Hill
The document discusses how to encourage gender diversity in the workplace. It emphasizes keeping diversity and equality at the forefront when considering workplace culture. Gender diversity leads to massive improvements. Research shows that companies with higher female representation on boards significantly outperform those with no female directors. Specific recommendations include blinding the hiring process by removing names and gender identifiers from resumes, basing pay on recent salary data rather than past earnings to address the gender pay gap, and reevaluating performance reviews to recognize team accomplishments and productivity that value skills more common among women.
- Women's participation in education has greatly increased globally over recent decades, especially in developing economies, with females now enrolling in tertiary education at higher rates than males in many countries. However, this progress is not reflected in business graduate intakes or senior management roles.
- On average, just 21% of business graduate hires globally are women, and the proportion of women in senior management has stagnated at 24% despite greater numbers of educated women.
- There are significant variations between regions and industries, with women comprising over half of senior roles only in education and social services but far fewer in industries like technology. This suggests businesses may be missing out on talent that could boost their growth.
This document summarizes a report on gender diversity in European companies. It finds that while women's representation on corporate boards has grown in recent years, it remains lower on executive committees. Most companies have initiatives to promote gender diversity but have yet to see significant results. The best performing companies show high management commitment, carefully monitor gender representation, and address mindsets to support diversity. However, women remain underrepresented at senior levels across industries due to leaks in the talent pipeline as they advance.
Question # 1: What differences between women and men are there?
Question # 2: What are some examples of low gender diversity?
Question # 3: What are some examples of high gender diversity?
Question # 4: How do we measure gender diversity?
Companies with higher levels of female leadership and gender diversity on their boards experience greater financial returns and profitability. Studies show companies with 30% or more women in leadership roles have profit margins 6% higher on average than companies with less female leadership. Teams with more women also tend to have higher collective intelligence as measured by performance on tasks. However, women remain underrepresented at senior levels in companies and face barriers to advancement. Closing the gender gap in leadership requires addressing unconscious biases, improving hiring and promotion practices, and developing women's careers through mentorship and access to critical experiences.
Emily Swartzlander, Chief Strategist, Family Forward NC
What will a family friendly workplace of the future look like? Emily will share best practices from Family Forward Workplaces.
Boyden is a global executive search firm founded in 1946 with over 65 offices in more than 40 countries. They specialize in providing leadership and talent advisory services across a range of industries and practices, including CEO & Board Services, Human Resources, Private Equity & Venture Capital, and Professional Services & Real Estate. The document discusses Boyden's research on increasing female leadership, including barriers faced by female executives and how organizations can better support women leaders to improve business performance.
Talent Q provides online psychometric assessments, training, and assessment consulting to help organizations address talent management challenges throughout the employee lifecycle.
The Business Case of Gender Diversity and the UN Women Empowerment PrinciplesAnke Domscheit-Berg
Presentation held at the Business and Professional Women's International Congress in Helsinki, Finland, 18.06.2011.
Topic: The Business Case of Gender Diversity and the UN Women Empowerment Principles
Etude Strategy& "Chief Executive Study" sur les femmes dirigeantes (2014)PwC France
http://pwc.to/1laNcy5
Au cours des dix dernières années, la part des femmes devenues dirigeantes d’entreprises a été supérieure de 75% à celles ayant quitté leurs fonctions. Ce solde, largement positif, est emblématique d’une tendance de fond qui s’est accélérée au cours des 5 dernières années. Telle est la principale conclusion de l’édition 2014 du « Chief Executive Study : women CEOs of the last 10 years » publiée par le cabinet Strategy&. Chaque année depuis 14 ans, le « Chief Executive Study » analyse le turnover des dirigeants d’entreprises. Cette année, l’étude s’est plus particulièrement intéressée aux femmes dirigeantes d’entreprises et à l’évolution de leurs parcours depuis 10 ans.
Bringing diverse perspectives to leadership positions, including more women, produces positive business outcomes. While women now make up one-third of the global workforce and run many enterprises, they remain underrepresented in higher management and board positions. This is an issue companies need to address given aging populations and the need to make full use of available talent. Experts recommend companies promote flexibility, skills training, and policies to support career progression for women.
The goal of the CEO & Gender Media Audit was to understand the media coverage of CEOs in various situations and determine if there are differences in the way male and female CEOs are covered.
The CS Gender 3000: Women in Senior ManagementCredit Suisse
Greater gender diversity in companies' management improves their financial performance. A new Credit Suisse Research Institute study presents the financial evidence, looks at which regions and sectors show higher diversity levels and analyzes the obstacles to female participation in the workplace.
To download a copy of 'CS Gender 3000: Women in Senior Management', click here: http://bit.ly/1cWMUIM
Discover the barriers holding companies back from having the diversified teams needed to boost their results, ignite innovation and excellence. Learn what can be done to bridge the gap.
This document summarizes a webinar on diversity and gender equity as an investment opportunity and the progress and impact of the Women's Empowerment Principles. The webinar featured presentations from UN representatives, consultants, and investors on the business case for empowering women, company examples that have embraced the Women's Empowerment Principles, and the perspective of investors on gender diversity as a smart investment strategy. Data was presented showing that companies with gender diversity in leadership and board positions outperform those without, and initiatives like the Women's Empowerment Principles provide a framework for companies to realize opportunities from empowering women.
An Interesting Panel discussion including senior diversity representatives from KPMG and TD Bank Financial Group followed the opening sessions, focused on how diversity is actually being moved forward in these organizations. Session 1: Dr. Wendy Cukier: The Diversity Lens: Leading Practices in Recognizing the Benefits of Diversity, Session
This document discusses challenges surrounding succession planning in family-owned businesses in Zimbabwe based on interviews with founding entrepreneurs. The key challenges identified are:
1) Lack of communication as the founding entrepreneurs are reluctant to openly communicate about their succession plans for fear of causing family conflicts over who will inherit the business.
2) Lack of preparedness and appropriateness of potential succession candidates as heirs apparent may not be in good standing with the rest of the family.
3) Dysfunctional family conflicts as communicating succession intentions risks "opening a can of worms" and splitting the family apart over who should inherit control of the business.
4) Reliance on primogeniture where the oldest son is traditionally
The document summarizes key findings from a survey of the world's largest family businesses. It finds that these businesses excel at succession planning by viewing it as a long-term process, clearly defining responsibilities, and extensively preparing younger generations. They also far surpass averages in promoting women to leadership positions. Additionally, the businesses maintain family focus in their governance structures while achieving strong performance.
The document summarizes key findings from a survey of the world's largest family businesses. It finds that these businesses excel at succession planning by viewing it as a long-term process, clearly defining responsibilities, and extensively preparing younger generations. They also have strong female representation in leadership, with 70% considering a woman for their next CEO. Additionally, these businesses have highly cohesive family involvement, with most boards comprised primarily of family members.
This document summarizes the key findings of a survey of the world's largest family businesses. The survey included responses from 1,000 leaders across various industries and countries. Some of the main findings include:
- Family businesses manage succession well, with clear identification of who is responsible and preparation of future generations.
- Women are well represented in leadership positions and on boards.
- Family cohesion and unity are high despite potential conflicts that are usually resolved constructively.
- Companies prioritize long-term growth, health of the family, and performance while maintaining an entrepreneurial spirit.
This document discusses women in leadership and what established businesses can learn from women-owned businesses. It finds that women are increasingly leaving corporate jobs to start their own businesses. Women-owned businesses are succeeding and account for significant economic output. However, established businesses are still failing to get more women into senior leadership roles, despite evidence that mixed gender leadership benefits business performance. Through interviews with over 35 senior women, the document identifies some key lessons for established businesses. These include the need to change organizational culture and structures to be more flexible, collaborative and accommodating of women's leadership styles and lives outside of work in order to retain female talent.
Financial Institutions – It is possible to retain and grow female talent. Mark Freed
The business case clearly demonstrates that gender diversity in financial services is good for boards, good for management, good for business, good for the economy and the right thing to do.
So why do so many businesses allow valuable female talent to slip through their fingers?
In this report we explore what the Big Four consultancies (Accenture, Deloitte, EY and PWC) are saying and doing about investing in women, and how we at E2W are reversing the trend and growing and retaining female talent for the financial sector.
- The survey polled 791 executives from family businesses in 58 countries about balancing long-term goals with short-term demands.
- While most family businesses have a long-term orientation, many pursue short-term priorities that do not support their long-term vision and goals.
- The survey found that over half of family businesses feel prepared for the future in terms of ownership, governance, and strategy, but only 41% feel confident in their succession plans, showing a potential disconnect between long-term aspirations and short-term actions.
Gender diversity in corporate workplaces is important for businesses to sustain their operations. While many companies have good intentions around gender diversity, some lack knowledge on how to implement it or get stuck in inertia. True gender diversity means proportional representation of men and women at all levels of an organization. Research shows diverse organizations are more successful due to improved communication, decision-making, problem-solving, and ability to market to different customer groups. However, women remain underrepresented in top corporate positions globally despite making up half the workforce.
A majority of executives believe gender diversity in leadership links to better financial
performance, but companies take few actions to support women in the workforce.
Making the Business Case for Gender EquityKelly Services
"Making the Business Case for Gender Equity" is talking why we need to unlock the full potential of women in the global economy. This is a business case for improving gender equity.
This document summarizes the key findings of a global survey of 1,000 of the world's largest family businesses from over 20 countries. The survey found that family businesses that focus on strengthening both their family and business through cohesion are the most successful. Specifically, the survey found that 35% of the variance in return on equity (ROE) for these family businesses can be predicted by the combination of family cohesion, growth ambition, and a focus on sustainability and branding. Sustainability and branding programs were found to be the most impactful activities for cultivating family cohesion.
Companies with at least 3 female executives score higher on key organizational dimensions like leadership, innovation, and motivation according to a McKinsey survey. While the economic crisis has not changed companies' priorities regarding gender diversity, progress remains insufficient with gender diversity only a top priority for 28% of companies. While most business leaders recognize the benefits of gender diversity, 41% of top management remains unconvinced.
Women of Influence - White Paper on Solutions to Women’s AdvancementStephen Wills
In 2012, Thomson Reuters, the world’s leading source of
intelligent information for businesses and professionals,
established our Women’s Advisory Task Force. The Task
Force was given the overarching brief to ensure female
leadership development and the advancement of women
to senior positions in our company.
Visit - www.ProcurementCentral.com
The document summarizes research on the impact of women on corporate boards. It conducted interviews with 102 corporate directors from around the world to understand their perspectives. The directors believe that women contribute differently than men in ways that make boards more effective, such as bringing a diversity of perspectives and asking more questions. However, women still make up a small percentage of directors globally. Standard recruitment practices and a lack of effort to recruit women contribute to the slow pace of change.
Hays Global Gender Diversity Report 2016Hays Portugal
De acordo com um inquérito realizado pela Hays junto de mais de 11.500 inquiridos em 24 países, por ocasião do Dia Internacional da Mulher, homens e mulheres têm percepções muito diferentes quanto à desigualdade entre géneros a nível profissional.
O relatório analisa as respostas dos inquiridos em factores como ambição, auto-promoção, igualdade salarial, oportunidades de carreira e políticas de diversidade de género nas empresas.
Family businesses envisioning growth along the knowledge curve, nov 2013Enayet Kabir
The document is a whitepaper about envisioning growth for family businesses in India along the knowledge curve. It discusses the need for more professional education programs and services for family businesses to help them evolve and address challenges they face. The whitepaper conducted interviews with over 200 family business owners and 55 advisors across India to understand the current state and needs of family businesses in different regions and industries. Key findings included the significant role of family businesses in the Indian economy, challenges they face around succession planning, responsibility allocation, and promoting family members, and how their needs differ from small, medium, and large family businesses. The whitepaper aims to help family businesses progress by increasing professionalization through further education and programs.
This document summarizes the key findings of a global gender diversity report compiled by Hays based on a survey of over 11,500 respondents across 25 countries. Some of the main findings include:
- Women have nearly equal ambition to men for reaching senior roles like director and CEO, but significantly fewer women actually attain these roles, showing companies are not effectively promoting female talent.
- Fewer than 50% of respondents globally feel they have opportunities to self-promote and communicate career ambitions, which is important for career development. This number is lower for women (47%) compared to men (53%).
- Developed markets like the US and Germany lag behind other regions in measures of female ambition and opportunities for self-promotion,
This document discusses women's empowerment and the challenges women face in achieving leadership positions. It proposes a new model to help more women succeed called the 3I model, which focuses on women imbibing lessons from experiences, innovating and applying new ideas, and inspiring others. It also discusses the EMI model which looks at how ready families, societies, and organizations are to support women. Overall the document argues that while progress has been made, more needs to be done to remove barriers and create environments where women can fully utilize their strengths to become leaders.
This document discusses women's empowerment and the challenges women face in achieving leadership positions. It proposes a new model to help more women succeed called the 3I model, which focuses on women imbibing lessons from experiences, innovating and applying new ideas, and inspiring others. It also discusses the EMI model which looks at how ready families (emotional quotient), societies (motivation quotient), and organizations (innovation quotient) are to support women leaders. Overall the document aims to analyze barriers facing women and provide a framework to help more women develop leadership skills and attain leadership roles.
This is the question that comes to mind upon reviewing the results of The Business Journals SMB Insights segment on women. While the question is decidedly tongue-in-cheek, the dimensions women business owners share are undeniably powerful.
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women in leadership, the family business advantage
1. Women in leadership
The family business advantage
Special report based on a global survey
of the world’s largest family businesses
Family Business Center of Excellence
2. About our survey
This report is based on survey results gathered from 525 of the world’s largest family businesses.
The responses represent 25 of the largest family businesses in each of the top 21 global markets —
Australia, Belgium, Brazil, Canada, China, France, Germany, the Gulf Cooperation Council countries
(Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates), India, Indonesia, Italy,
Japan, Mexico, the Netherlands, Russia, South Korea, Spain, Switzerland, Turkey, the UK and
the US. Valid Research, an independent research institute in Germany, used a questionnaire and
conducted phone interviews in the specific country language with senior ranking family business
leaders. Based on the number of companies contacted to achieve our desired sample size, we
achieved a 42% response rate.
Find out more and download the executive summary of the survey at
ey.com/stayingpower.
Coming soon …
We are releasing a series of in-depth explorations of the key topics covered by this survey.
The future insights will delve more deeply into the data for each of the following topics:
• Succession
• Governance
• Communication and resolving conflicts
• Branding
• Corporate social responsibility, philanthropy and sustainability
• Cybersecurity
3. Women in leadership: the family business advantage | 1
The largest, longest-lasting family
businesses in the world are moving
women further and doing so faster
than their non-family counterparts.
Why is this important? Because
these businesses are the anchors
of the world economy. Family
businesses as a whole create an
estimated 70%–90% of the global
GDP1
and 50%–80% of jobs in the
majority of countries worldwide.2
They employ vast numbers of
people, dominate key markets,
and are intrinsically important
to their local communities and
global economies — and have
been for generations.
In 2014, EY and Kennesaw State University teamed to survey
these giants of the economy — 525 of the largest and oldest
family companies in the world. These businesses average
US$3.48b in sales and 12,000 employees, in an average
of 15 countries and five industries.
How they operate shows a different, more enduring and
sustainable path forward for businesses and for the world
economy as a whole. Family businesses are designed to outpace
the competition over the long haul. And all businesses would be
well-served to follow their example, especially when it comes to
how they value women leaders.
We’ll tell you why.
Introduction
A differentiator for
family businesses
“The consummate success story for
entrepreneurs is in family business.
Their natural focus on inclusiveness, on
longevity, on sustainability, on growth —
keeping the best interests of the family
and the business in mind at all times —
has created businesses that prosper
for generations. These are businesses
that welcome women into leadership,
and it’s no coincidence that they also
are innovative, flexible, focused and
growing for centuries. They are a model
for stewardship — for handing over a
business that is better to those that
follow them.”
Carrie Hall, EY Americas Family Business Leader
4. 55%have at least
one woman
on their board.
5These family businesses
average about five
women in the C-suite
and four women being
groomed for top
leadership positions.
41%report that female family
members have grown
more interested in joining
the business over the
past three years.
70%of family businesses
are considering a woman
for their next CEO,
and 30% are strongly
considering a woman
for the top spot.
Highlights:
of the average family company’s
top management team is
composed of women.
of their board members are women
(which is, on average, more than
one woman per board).
of their boards have
women as at least half
of the members.
22% 16%
8%
2 | Women in leadership: the family business advantage
In our survey — Staying power: how do family businesses create lasting success?3
— we found some
exceptional results.
These findings beg further consideration, particularly when we contrast them with overall global
business statistics. For instance, the worldwide percentage of women on corporate boards stood
at only 12.7% at the end of 2013.4
Women’s participation in top management was a similar 12.9%
at the end of 2013, and the proportion of women CEOs worldwide was 3.9%.5
In fact, among chief
executives of firms in the SP 1500, there are four male CEOs named John, Robert, William or
James for each woman CEO, which the New York Times found noteworthy enough to feature in
an Upshot column in early March 2015.
Our findings about the world’s largest family businesses become even more compelling when you
realize that family businesses are included in almost all of the global statistics about women in
business. It is reasonable to conclude the data would diverge even more if we could separate the
family business data from the non-family businesses worldwide.
5. Women in leadership: the family business advantage | 3
Accelerate women, accelerate business
A wealth of research exists to demonstrate that having women in leadership and strategic roles
makes economic sense for businesses. It’s been consistently shown in numerous studies that more
women in leadership means better financial and all-around performance.
A few examples:
• Companies with more women in leadership increase focus on corporate governance, corporate
responsibility, talent dynamics and market acuity.6
• Publicly listed companies with women on the board tend to outperform those without in such
key metrics as share price, return on equity, net income growth and price-to-book value.7
• A gender-balanced board is also associated with better corporate social performance in
community, customers, environment and supply chain. And these activities improve business
outcomes in areas such as risk management, corporate and brand reputation, and recruitment
and retention.8
But despite reams of research and some progress, the fact remains that workplace gender parity
continues to be a challenge around the globe. Family business may offer a path forward for all
businesses seeking to achieve gender parity within their leadership ranks, and in turn, improve
their economic performance.
Women in family business: not just a family affair
Our research shows that family businesses believe in the value of women in leadership overall,
not only women family members. For instance, while the companies in our survey averaged
1.14 women family members in leadership (i.e., C-level positions/officers of the company,
including vice presidents), they also averaged 3.5 women in the C-suite who were not family
members. Furthermore, they are grooming an average of four women for these top leadership
positions: one family member and three non-family members.
What is it about the world’s largest and longest-lasting family businesses that has led
them to embrace women in leadership?
In this executive brief, the first in-depth examination of women leaders in family business, we
will focus on this phenomenon. Overall, our analysis suggests that inherent traits of successful
family businesses that contribute to their long-term success also create an environment that’s
more welcoming and conducive to the development of women leaders.
The formula: role models + long-term thinking +
inclusive environment = women in leadership
• Role models. Family businesses that tend to have women in top leadership in the C-suite and on
the board offer role models to less-senior women and clearly demonstrate that moving up the
ranks and assuming leadership positions are possible.
• Long-term thinking. Family businesses tend to think in very long time horizons. The ultimate goal,
typically, is a sustainable enterprise that serves the family and the business well, using growth as
the means to that end. This long-term thinking and longevity contribute to the erosion of conscious
and unconscious bias, making space for women at the top.
• Inclusive environment. Family businesses balance the interests of the family with the needs of
the business by emphasizing cohesiveness, inclusiveness and commitment to the well-being and
wealth of the family and the family enterprise, including non-family employees. In short, people —
not just profits — matter. This is the kind of environment in which women thrive.
Family business
may offer a path
forward for all
businesses seeking
to achieve gender
parity within
their leadership
ranks, and in
turn, improve
their economic
performance.
6. 4 | Women in leadership: the family business advantage
The power of role models
Family businesses offer a strong environment for
developing women leaders because women can look up
and see other women already flourishing at the top of
successful enterprises.
When there are women in positions of power, it inspires other women to follow them into leadership
roles. We see that clearly in the world’s largest family businesses, as they not only average about
five women in the C-suite already (22% of the average participant’s top leadership team, versus
12.9% of women in top leadership overall9
), but also are grooming an average of four women for
these top leadership positions.
And according to our survey,10
the more women there are in the C-suite, the more willing family
businesses are to consider a woman for CEO and to groom women for C-suite roles. (The number of
women in the C-suite accounted for 27% of the variance in the company’s willingness to consider a
woman for the next CEO.11
) That is not just lip service — respondents considering a woman for the
next CEO have already taken steps by identifying and vetting women candidates.
By sheer force of example, these family businesses show women in their companies the path to
leadership. This matches findings from a survey undertaken by EY’s Women. Fast forward platform,
which is designed to help accelerate the achievement of global gender parity. In Women. Fast
forward: The time for gender parity is now,12
both men and women said good opportunities for
progression were a top enabler for women in leadership.
Having more women at the top — family or non-family — also seems to help motivate women family
members to join the business. Forty-one percent of the participants reported that women family
members have shown increased interest in joining the business over the last three years.
The more women there are in the C-suite, the more willing family
businesses are to consider a woman for CEO and to groom women
for C-suite roles.
7. 8% 80% 12%
9% 68% 23%
74% 26%
6% 67% 28%
13% 58% 29%
5% 65% 30%
4% 63% 33%
9% 57% 35%
13% 52% 35%
65% 35%
8% 56% 36%
13% 50% 38%
6% 49% 45%
8% 44% 48%
50% 50%
16% 32% 52%
10% 38% 52%
46% 54%
8% 33% 58%
9% 32% 59%
28% 72%
Women in leadership: the family business advantage | 5
Figure 1: Compared to the last three years, do you believe there has been an increase
or decrease in the level of interest of female family members wanting to be involved in
the business?
India
Spain
South Korea
Turkey
Japan
Gulf Cooperation
Council countries
Canada
Indonesia
US
Mexico
Italy
Germany
Russia
UK
Switzerland
Australia
France
China
Netherlands
Brazil
Belgium
Key: Decrease Stay the same Increase
Note: Numbers may not sum to 100% due to rounding.
8. 6 | Women in leadership: the family business advantage
Focus on long-term
sustainability and growth
The focus on building a sustainable business comes
naturally to family businesses, which regard the
business as a legacy to be preserved for future
generations. For example, the average tenure of a family
business CEO is 20 years, compared to 6 years for the
CEO of a public company.13
Thus, family business leaders
are given a much longer period to steer the company,
making clear the value of long-term sustainability and
success, whereas many other types of corporate entities
tend to be focused on delivering short-term results.
That long tenure may also help to break down conscious and unconscious bias over time,
allowing males in positions of power to witness and acknowledge firsthand the contributions and
accomplishments of women in leadership. If we look at this from a historical perspective, family
businesses predate all other types of businesses — some have been around for hundreds of years.14
“Over time, conscious and unconscious bias may naturally degrade in family business,” says
Peter Englisch, EY Global and EMEIA Family Business Leader. “The family discovers and reinforces
through experience and its own history that limiting people based on gender does not make sense
for the family or the business.”
This is supported by our finding that the older and larger a company, the more women on its
board (16% of the variance in the number of women on the board is explained by the size and
age of the company).
Similarly, the larger the company (and generally, larger family businesses are older), the more
women in the C-suite (37% of the variance in the number of women in the C-suite is explained by
company size). It appears that as companies grow in size, they focus more attention on having
women in senior positions to maintain a vibrant workforce and a committed ownership group. It is
also true that larger companies are more likely to have qualified women in their ranks from which
to choose, making it more probable that they will have more women in the C-suite.
Our data also show that having more women being groomed for the C-suite actually leads to having
higher growth targets. This underlines the point that family businesses with more women in the
C-suite emphasize the long-term growth and sustainability of the business, rather than short-term
performance goals, such as meeting quarterly targets.
Taken together, these findings can lead us to reasonably surmise that having women in leadership
is good for long-term, sustainable growth, and a focus on such growth benefits women who want
to lead.
The data show
that having more
women being
groomed for the
C-suite leads to
having higher
growth targets.
9. 5.0
5.0
4.5
3.9
3.8
3.7
3.6
3.6
3.5
3.5
3.3
3.3
3.2
3.0
3.0
2.7
2.6
2.4
2.3
2.3
1.5
Women in leadership: the family business advantage | 7
Figure 2: Is the company considering having a woman as the next CEO/successor?
(1=Not considering at all, 7=Strongly considering)
Germany
Spain
Turkey
India
Indonesia
Netherlands
Switzerland
UK
US
China
Australia
Italy
France
Russia
Brazil
Mexico
Japan
Belgium
Canada
South Korea
Gulf Cooperation
Council countries
10. 8 | Women in leadership: the family business advantage
An inclusive environment
where women thrive
Because they are built on relationships, the world’s
largest family businesses emphasize values and
activities that keep family members — as well as
employees — more cohesive and engaged with each
other and the business. This emphasis on inclusivity
appears to be another reason they are more likely
to bring women into leadership roles. Diversity in
leadership, including gender diversity, is positively
correlated to employee engagement and satisfaction —
factors that drive retention and increase cohesion.15
An inclusive environment that helps propel women to leadership manifests in three activities typical
of successful family businesses:
1. Next-generation preparation
We found that women family members are typically more interested in joining the business if it
values the preparation of the next generation. (Emphasis on preparing the next generation accounts
for 31% of the variance in the interest of female family members in joining the company.16
) When
we add in companies that are also considering a woman for the next CEO, their interest grows
even higher.
2. Family business branding
Family businesses are proud of what they’ve built and believe the business is an essential part of
their family identity. Branding as a family enterprise plays a significant role in building a cohesive,
inclusive environment within family businesses — one in which women thrive — and in fostering a
personal, loyal connection to the brand among consumers.
11. Women in leadership: the family business advantage | 9
When women family members are part of that branding effort, it helps to make visible the
aforementioned role models for women inside the business and may also help promote loyalty
among women consumers and employees, too. Women control around US$20 trillion in consumer
spending17
and are projected to control 75% of discretionary spending by 2020.18
Thus, having
women in leadership roles helps women consumers feel more connected to family brands. For the
business, it also lends insight into women’s buying behavior and consumer preferences.
“Vibrant family businesses around the world know the limitless value of connecting their families
to their stakeholders in messaging and all elements of image,” says Joe Astrachan, Wells Fargo
Eminent Scholar Chair of Family Business at Kennesaw State University. “It’s even better for
business success and family health when the family gets engaged in shaping the message and
delivering it personally.”
3. Corporate social responsibility activities
As we mentioned earlier, studies have shown that women in leadership are associated with
better corporate social performance, particularly in philanthropy, customer focus, environment
and supply chain.19
These are self-reinforcing activities — the more businesses focus on these areas,
the more women, particularly Millennials,20
will want to join the organization. Accordingly, when
more women reach the top levels of the organization, the sharper the focus on corporate social
responsibility activities.21
As we found in our first report based on this data, In harmony: family business cohesion and
profitability,22
there is a cycle at work here for family businesses — one in which having more
women in leadership appears to play a role. Increased cohesion leads to better financial
performance, and better financial performance helps make a family business more cohesive.
We found that when businesses put more emphasis on women in higher-level roles, that effect
becomes more pronounced.
“Family businesses are proving to be beacons of parity in a
gender-imbalanced business world. The longevity, sustained
performance and reach of these companies demonstrate why
women should be given more opportunities to lead — and the
positive results they get when they do.”
Kate Barton, EY Americas Vice Chair — Tax Services
12. The largest, longest-lasting family businesses in
the world are economic giants with the power to
influence economies and societies at the local,
regional and global levels. And they believe in the
power of women in leadership. Companies that
seek to achieve the competitive advantage that
comes with gender parity should emulate these
family business traits:
• Establish a clear path for women to move into
leadership roles with more female role models
• Pursue a long-term, sustainable growth strategy
• Create a cohesive, inclusive environment focused
more on people and less on achievement of
short-term financial results
Learn from the wisdom of family businesses —
greater gender parity in leadership can yield
extraordinary results.
Conclusion
A pattern of success
13. Women in leadership: the family business advantage | 11
Women in family business
around the world
As CEO
Top countries where family businesses are most
strongly considering a woman for the next CEO:
Switzerland
Netherlands
UK
US
Spain
Germany
Turkey
India
Indonesia
Developed economies: Australia, Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Spain, Switzerland, UK, US. Emerging economies: Brazil, China,
Gulf Cooperation Council countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates), India, Indonesia, Mexico, Russia, South Korea, Turkey
Note: The countries with the highest percentage of women on boards in general were not included in this survey: Norway, Sweden and Finland.
On the board
Developed economies Emerging economies
60% 49%
60% have at least one
woman on the board.
For 10% of boards, at least half
of the members are women.
49% have at least one
woman on the board.
For 4% of boards, at least half
of the members are women.
In the C-suite
Developed economies Emerging economies
Average 5.5 women in the C-suite Average 3.5 women in the C-suite
4%10%
14. 12 | Women in leadership: the family business advantage
Notes
1. “Global Data Points,” Family Firm Institute, http://www.ffi.org/?page=globaldatapoints, accessed May 2015. For this statistic,
the definition of family business means that the family can influence the strategic direction of the business (so, for example,
single-owner businesses can be considered family businesses).
2. Ibid.
3. Staying power: how do family businesses create lasting success?, EY, April 2015, http://www.ey.com/Publication/vwLUAssets/
ey-staying-power-how-do-family-businesses-create-lasting-success/$FILE/ey-staying-power-how-do-family-businesses-create-
lasting-success.pdf.
4. The CS Gender 3000: Women in Senior Management, Credit Suisse Research Institute, September 2014; Catalyst censuses
(Fortune 500 and FTSE 250), 2014.
5. Ibid.
6. Gender Diversity and Corporate Performance, Credit Suisse Research Institute, August 2012; Kellie A. McElhaney and Sanaz
Mobasseri, “Women Create a Sustainable Future,” UC Berkeley Haas School of Business, October 2012; Corporate Leadership
Council, Driving Performance and Retention Through Employee Engagement (Corporate Executive Board, 2004).
7. Ibid.
8. Rachel Soares, Heather Foust-Cummings, Claude Francoeur and Réal Labelle, Companies Behaving Responsibly:
Gender Diversity on Boards, Catalyst, 2015.
9. The CS Gender 3000: Women in Senior Management, Credit Suisse Research Institute, September 2014; Catalyst censuses
(Fortune 500 and FTSE 250), 2014.
10. These results are based on a 16-construct Partial Least Squares Structural Equation Model built by the research team at
Kennesaw State University.
11. Technically, it accounts for 27% of the variance in the company’s willingness to consider a woman for the next CEO.
12. Women. Fast forward: The time for gender parity is now, EY, http://www.ey.com/GL/en/Issues/Business-environment/
ey-gender-parity-the-time-is-now, January 2015.
13. George Stalk and Henry Foley, “Avoid the Traps That Can Destroy Family Businesses,” Harvard Business Review,
https://hbr.org/2012/01/avoid-the-traps-that-can-destroy-family-businesses, January–February 2012.
14. “Global Family Business Index,” EY Global Family Business Center of Excellence and Center for Family Business at the
University of St. Gallen, http://familybusinessindex.com, May 2015.
15. Corporate Leadership Council, Driving Performance and Retention Through Employee Engagement
(Corporate Executive Board, 2004).
16. This result is based on a 6-construct Partial Least Squares Structural Equation Model built by the research team at
Kennesaw State University.
17. Michael J. Silverstein and Kate Sayre, “The Female Economy,” Harvard Business Review, September 2009.
18. “Navigating the New Consumer Realities,” the Boston Consulting Group, https://www.bcg.com/documents/file79398.pdf,
June 2011.
19. Rachel Soares, Heather Foust-Cummings, Claude Francoeur and Réal Labelle, Companies Behaving Responsibly: Gender
Diversity on Boards (Catalyst, 2015).
20. Teresa McGlone, Judith Winters Spain and Vernon McGlone, “Corporate Social Responsibility and the Millennials,”
Journal of Education for Business, (86: 195-200), 2011.
21. “Gender and Corporate Social Responsibility: It’s a Matter of Sustainability,” Catalyst, 2011,
http://www.catalyst.org/system/files/gender_and_corporate_social_responsibility.pdf.
22. In harmony: family business cohesion and profitability, EY, November 2014, http://www.ey.com/Publication/vwLUAssets/
Family_business_cohesion_and_profitability/$FILE/EYFamilybusinesscohesionprofitability.pdf.
About EY’s Strategic Growth Markets Network
EY’s worldwide Strategic Growth Markets Network is dedicated to serving the changing needs of
high-growth companies. For more than 30 years, we’ve helped many of the world’s most dynamic
and ambitious companies grow into market leaders. Whether working with international, mid-cap
companies or early stage, venture-backed businesses, our professionals draw upon their extensive
experience, insight and global resources to help your business succeed. ey.com/sgm
15. EY Family Business Center of Excellence
The Family Business Center of Excellence brings together advisors from the
EY global network to share knowledge and insight to address family business
challenges and provide seamless service for family-owned companies.
Wherever you are based or whatever your needs, there is someone ready to
help you to succeed for generations.
Visit ey.com/familybusiness for more information about our Family Business
Center of Excellence.
Download the executive summary of the survey at ey.com/stayingpower.
Follow us on Twitter: @EY_FamilyBiz, @CarrieGHall, #EYFambiz.
Peter Englisch
EY Global and EMEIA
Family Business Leader
peter.englisch@de.ey.com
+49 201 2421 21800
Carrie Hall
EY Americas Family
Business Leader
carrie.hall@ey.com
+1 404 817 5740
Twitter: @CarrieGHall
Ian Burgess
EY Asia-Pacific Family
Business Leader
ian.burgess@au.ey.com
+61 7 3243 3711
Makoto Hara
EY Japan Family
Business Leader
hara-mkta@shinnihon.or.jp
+81 80 6862 3013
About the Cox Family Enterprise Center
Since 1987, the Cox Family Enterprise Center at Kennesaw State University
has been dedicated to the education, recognition and research of family
businesses. As one of the first university-based centers of its kind, the center
remains focused on connecting people, ideas and knowledge to create a
dynamic community to transform the family business ecosystem and further
economic development.
Visit coles.kennesaw.edu/familybusiness for more information.
About Kennesaw State University
Kennesaw State University is the third-largest university in Georgia, offering
more than 100 undergraduate, graduate and doctoral degrees. A member
of the University System of Georgia, Kennesaw State is a comprehensive
university with more than 32,000 students from 130 countries. In
January 2015, Kennesaw State and Southern Polytechnic State University
consolidated to create one of the 50 largest public universities in the country.
Visit kennesaw.edu for more information.
Joe Astrachan, PhD
Wells Fargo Eminent Scholar
Chair of Family Business
Professor of Management and
Entrepreneurship
Cox Family Enterprise Center at
the Coles College of Business
Kennesaw State University
jastrach@kennesaw.edu
+1 470 578 6045
Torsten M. Pieper, PhD
Academic Director,
KSU DBA Program
Research Director
Cox Family Enterprise Center at
the Coles College of Business
Kennesaw State University
tpieper@kennesaw.edu
+1 470 578 6724