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| In Pursuit of Success "Some of the UK's most successful businesses have been set up or run by families, and many of our best-known brands and products have been developed by them. Family businesses have many excellent qualities from which other businesses can learn. In particular, they tend to take a long-term view: 60% of family companies have been established for more than 30 years compared with half the figure for non-family companies."
Nigel Griffiths Minister for Enterprise In 2003 the Family Business Honours programme was set up in association with London Business School and The Institute for Family Business (UK), to celebrate the contribution that family owned businesses play in the economy of the UK, and indeed, of Europe. Family businesses face unique challenges revolving around family ownership, management and succession that need to be better understood to be more widely overcome. Underpinning the Family Business Honours is the belief that successful family businesses are usually those that have found a way to balance the demands of the family, the business, and the community. The honours recognise outstanding achievement in three areas: Family governance, Business Success, and Social Responsibility. |
JPMorgan Private Bank is the marketing name for the private banking activities of JPMorgan Chase & Co. and its subsidiaries worldwide. This material is approved for issue in the UK by J.P. Morgan International Bank Limited, authorised and regulated by the Financial Services Authority.
© 2004 JPMorgan Chase & Co.