FAMILY BUSINESS AWARD

The IMD - Lombard Odier Global Family Business Award
Now in its fifteenth year, this award is considered by many family enterprises, which have successfully merged family and business interests, to be the most prestigious in the world.

The award, presented annually in partnership with the Geneva private bank Lombard Odier, also serves as research into best practices and innovative solutions for specific family business management issues.

Important award objectives

• Highlights the important global economic contribution of family businesses
• Recognizes annually an outstanding company which has successfully merged family and business interests
• Identifies best practices which may be useful to other family businesses

Criteria of Excellence

The IMD-Lombard Odier Global family Business Award experts examine different aspects of the business with careful consideration of the personalities and values of the people who run the business. The Award is based on the excellence of the company's corporate identity, family and business personality, and its best practices.

Family Values

• Adherence to mission across generations
• Active collaboration across generations
• True to background/values/heritage
• Faithful to and committed to reinforcing the core family values
• Loyalty to employees, shareholders, clients, suppliers and the community 

Business Values

• Excellence in business performance
• Growing and profitable company 
• Strongly built on and driven by family values 
• Global in business scope
• Clear communication strategy 
• Established corporate reputation (identity/branding)
• Personal, hands-on, engagement of the family
• Solid social and environmental responsibility profile
• Minimum annual revenues of USD 500M

Sustainability

• Excellence in all aspects of business and family governance 
• Established learning mechanisms within the family
• Strategically adaptive over generations
• Must have reached at least third generation of family ownership and management
• Preparation, engagement and education of the next generation
• Transparent and effective succession mechanisms in place

Process

Step 1

IMD and Lombard Odier solicit nominations from family business alumni, academic contacts and the Family Business Community

Step 2
The initial research and evaluation process is supervised by the IMD family business Faculty and researchers, and carried out in close collaboration with local FBN Chapters: This phase results in a nominee shortlist.

Step 3
Advanced research and personal interviews are conducted with key family members from short listed nominees. An evaluation booklet is prepared including full profiles, interviews and caselets for each of the top four nominees.

Step 4
The evaluation booklet is submitted to the Award Jury for review and discussion.

Step 5
The Award Jury votes individually and anonymously.

Step 6
The winner is contacted and a full case study and film are developed in preparation for the Award Ceremony.

Step 7
The announcement of the winner and the Award Ceremony take place at the Family Business Network Annual Summit.

Link to on-line nomination form

Deadline for submission: March 29, 2010

Questions?
For more information, please contact Lise Moeller (Tel. +41 21 618 03 29).
Contact Lise Moeller

We would like to recognize the contributions of our partners in this enterprise.

Lombard Odier
Lombard Odier stands among the largest firms of private bankers in Switzerland and Europe. Founded in 1796 in Geneva, it has been passed on from generation to generation for more than two centuries. Tailor-made services, a view of excellence, unfailing competence in portfolio analysis and management, the desire to build a lasting relationship of trust, independence and company spirit are the many qualities on which the reputation of Lombard Odier have been built.

They remain the key values of Lombard Odier and will ensure its continuity. As members of the seventh generation of the founding families, its partners are pleased to support the IMD-Lombard Odier Global Family Business Award. 

Thierry Lombard’s testimony (award website)
LODH website

Chopard
Chopard has contributed the artfully crafted award trophy since 1999. Quality and creativity are the hallmarks of Chopard, the internationally known luxury watch and jewellery firm founded in 1860. Today, Chopard continues to produce high precision watches and precious jewellery through a skilful mix of innovative design, high technology and traditional craftsmanship. Chopard has a long tradition of excellence. Chopard also took the stage as a partner of the Cannes Film Festival, producing the “Palme d'Or” trophies in its own “ateliers”.

Chopard figures among the last few significant brands of watches and jewellery, which have preserved their independence. The uncommonly strong sense of family, which begins with the company's president Karl Scheufele and his wife Karin and continues into the next generation with Caroline and Karl-Friedrich, is the unifying force and the primary motivation for the firm's ongoing success.
Chopard website

Questions?
For more information, Please contact Lise Moeller (Tel. +41 21 618 03 29).
Contact Lise Moeller

Voting Members

Thomas G. Bata, Bata Brands, Luxembourg

Hans-Jacob Bonnier, Bonnier Group, Sweden

Andrew D. Keyt, Loyola University Family Business Center USA

Subbiah Murugappa, Murugappa Group, India

Mariano Puig, Corporacion Puig, Spain

Alexander Scott, Sand Aire Ltd, United Kingdom

Non-voting Members

Prof. John Wells, IMD President

Prof. Benoît Leleux, IMD

Thierry Lombard, Senior Partner, Lombard Odier

Sylvain Massot, Head of Equity Research, Lombard Odier