The objective of this Award was to identify family businesses, which stand out because they are very successful, and to learn what they do better than others. This award has contributed to:

Highlight the important global economic contribution of family businesses
Recognize annually an outstanding company, which has successfully blended family and business interests
Identify best practices, which may be useful to other family businesses

1. Family values

Adherence to mission across generations
Active collaboration across generations
True to background/values/heritage
Faithful/reinforcing of core family values/business values strengthening the soul of the company
Loyalty to employees, to shareholders, to clients, suppliers and the community
Must have reached at least the third generation of family ownership and management

2. Business values

Excellence in performance standards
Family values driven
Growing and profitable company
Global in business scope
Clarity of the communication strategy => corporate sponsorship (marketing), corporate reputation (identity/branding)
Personal, hands-on, engagement of much of the family
Minimum annual revenues of 500M$

3. Succession

Excellence in governance - selection, development, independence, unifying the family
Sharing learning within the family
Strategically adaptive over time and generations
Preparation, engagement, education of next generation => succession