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European family businesses

September 22, 2015

Family-controlled carmaker Volkswagen has admitted it deliberately tampered with thousands of its cars’ emission testing software to deceive US environmental authorities.

Family-controlled carmaker Volkswagen has admitted it deliberately tampered with thousands of its cars’ emission testing software to deceive US environmental authorities.

It faces an initial fine of $18 billion for the 11 million cars affected, equivalent to its net annual profits, but if further investigations find the rigging is more widespread this could rise.

The German carmaker posted revenues of €197 billion in 2013.

May 13, 2015

Right from the very dawn of the automobile in the 1800s, the name Maybach has been synonymous with quality engineering and high-end luxury. Now one scion is keeping that name alive in a unique fashion.

Throughout the history of the motorcar there is a select group of family names which have themselves become iconic automobile brands, Ford, Morgan, Daimler, Packard and Renault. But one name alone can claim to represent not only the earliest innovations and technical brilliance in the field, but also our contemporary view of the peak of luxuriousness and automotive splendour. That name is Maybach.

December 16, 2014

Women make up only 16% of family business boards in Continental Europe’s four largest economies, and only 10% of boards in Germany, new research has revealed.

Women make up only 16% of family business boards in Continental Europe’s four largest economies, and only 10% of boards in Germany, new research has revealed.

The 2014 Survey of Corporate Governance Practices in European Family Businesses examined board composition, board efficiency, succession planning and chief executive/chairman demographics.

November 25, 2014

In her first major move since becoming chair, Santander fourth-gen Ana Botin has appointed a new chief executive to lead the family-owned Spanish bank, and made four new appointments to the board.

In her first major move since becoming chair, Santander fourth-gen Ana Botin has appointed a new chief executive to lead the family-owned Spanish bank, and made four new appointments to the board.

May 14, 2014

Basing a family business in Cyprus or Poland instead of Denmark or France could significantly alter the tax burden on the next generation following succession, according to new analysis released by KPMG and European Family Businesses.

Basing a family business in Cyprus or Poland instead of Denmark or France could significantly alter the tax burden on the next generation following succession, according to new analysis released by KPMG and European Family Businesses.

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