Campden Wealth is urging the world’s family businesses to celebrate their success in the debut Top 75 Global Challengers study.
The international family business membership service has opened nominations for dynamic medium-sized family businesses that enjoyed significant growth between 2013 and 2015.
The exclusive initiative, conducted in partnership with leading wealth management service Citibank, will champion the best practice, operations, organisation and governance of those family businesses.
The Top 75 Global Challengers will bolster last year’s trailblazing research into the world’s Top 25 100% wholly-owned family businesses, which revealed the average family business in the elite league was established in the 1920s, employed 56,000 individuals and had yearly revenue of $20.5 billion.
Eligible family business nominees for this year’s Top 75 Global Challengers must have:
Yearly sales between $200 million and $3 billion
At least 50% of the share capital owned by the family
At least the second generation of the family’s involvement in the business
Individuals who make two or more nominations will be acknowledged in the final report.
Stuart Rutherford, Director of Research at Campden Wealth, said multi-generational family businesses are the “champions of our economies” by creating jobs, building wealth and powering growth. However, all too often their success go unnoticed.
“The Top 75 Global Challengers is an initiative set up to explicitly celebrate their success,” Rutherford said.
“It provides an annual listing of the fastest-growing, mid-sized family businesses to celebrate individual success, and also studies the collective DNA of these companies to identify the drivers of success.
“Our hope is that the Top 75 will not only reward current achievement but inspire future success.”
Nominations take less than to two minutes to submit online but will close on 31 August 2016 so do not delay, click here to nominate.
Participants are encouraged to share the glory by nominating their family business peers who have distinguished themselves in the same criteria.
Family businesses are also invited to participate in a 15-minute survey, conducted by the Campden Research team, by clicking here. The survey will close on 30 September 2016.
The Top 75 Global Challengers will be published as a supplement in the winter edition of CampdenFB magazine, Rutherford added.
“For the top businesses, this presents a unique opportunity to showcase achievements in terms of growth and core strengths while also providing an occasion for the high-performers to gain recognition and publicity.”