Member Profile

Member Profile

A few years ago a comprehensive member survey was conducted in an effort to profile our Family Business members.  More than 200 members responded and their family enterprise had the following characteristics:

  • 88% are privately held companies owned and managed by a family;
  • Multi-generational business in existence for an average of 44 years;
  • Employ an average of 127 employees;
  • Have at least 2 family members in senior management positions;
  • 40% have annual gross sales greater than 10 million dollars;
  • 55% report the net worth of their family business is in excess of 5 million dollars.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The average individual member had the following characteristics:

  • 59% of respondents are CEO, President, Owner /Founder or the Chairman within their family business;
  • 46% are the second generation within the family business;
  • 60% male, 40% female; average 51 years old;
  • 80% are married with children; average 2 children;
  • 64% have a university degree or higher.        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With respect to best practices in the area of family enterprise governance our members reported that: 

  • 59% use Family meetings or Family councils;
  • 25% have a Family Constitution;
  • 26% utilize an independent business board of directors or advisors;
  • 60% hold owner’s/shareholder’s meetings;
  • 17% maintain a Family Office.

 

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690 Dorval Drive, Suite 135
Oakville, Ontario  L6K 3W7
866.849.0099
905.337.8375