The 13th annual IMD-Lombard Odier Darier Hentsch Distinguished Family Business Award has been won by Roca Corporación Empresarial in recognition of its success in blending family and business interests and their exemplary responsibility to their employees and society.
Founded by siblings Matías, Matí, Josep and Ángela Roca in 1917, the Group is a world leader in the production and distribution of bathroom products. Headquartered in Barcelona, Spain, today it has over 22,000 employees worldwide and revenues of about $2.6 billion.
The award was presented in New Delhi at the 19th summit of the Family Business Network-International, supporters of Campden FB.
"We are delighted to honour the enlightened leadership of Roca Corporación Empresarial which demonstrates the balanced management of the family-owned enterprise model based on economic entrepreneurial and social responsibilities", said Thierry Lombard, managing partner of LODH, the seventh-generation family firm of private bankers.
Special mention was made by the judges of Roca's family and corporate governance model, which engendered a trusting collaboration between the family-dominated board and non-family management.
The company is entirely owned by the Roca family and 100 family members hold shares. Its actions are guided by deeply founded Roca family beliefs and values which today have led the company to invest in environmentally-friendly manufacturing processes and to dedicate 90% of annual pre-tax profits to projects aimed at saving water and developing new technologies.