"It is important to teach each new generation, early on, the difference between ownership and stewardship. Ownership is a right of possession. Stewardship is a fiduciary role. It is holding the institution in 'trust for' the next generation. We feel, as a family, that this institution has been passed on to us for our care and not for us to dissipate or do what we will with it for our personal gain."
Jaime Augusto Zobel de Ayala, Ayala Corporation, Philippines, Founded in 1834
"Being both the CEO and the owner makes you constantly questioned but at the same time never questioned at all."
Karin Bodin, Managing Director, , Founded in 1972.
Hodgson Sealants Ltd
"I think my staff appreciate the continuity in the business. They prefer working for a family business like ours. The openness of management to future plans and the 'all in it together' mentality binds staff to the company."
Charles Hodgson, Managing Director, Hodgson Sealants Ltd., United Kingdom, Founded in 1968
"One of our main competitive advantages at Componenta, a listed family business, is the speed of decision-making as we have managed to align the interests of the owners and the managers in the decision-making process."
Heikki Lehtonen, Managing Director, Componenta Oyj, Finland, Founded in 1918
Royal Huisman Shipyard BV
"As a fifth generation member of a family in the yachtbuilding business, I believe that continuity is of invaluable importance. Our advanced custom yachts are luxury products but you really don't need glamour to compete successfully. I learned from my father how genuinely clients appreciate a down-to-earth approach and a long tradition of technical excellence."
Alice Huisman, Managing Director, Royal Huisman Shipyard BV, The Netherlands, Founded in 1884