Bonnier Group: Sweden's Leading Family Owned Business
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"The key to success during these two hundred years has been the three fundamental values of responsibility, quality and the freedom of speech."1
- Carl-Johan Bonnier, Chairman of the Board, Bonnier AB, in 2005.
"Hundreds of business-owning families have benefited from the Bonnier family's experience and efforts. They were pioneers in supporting family business education and research. The cases and research articles about their experience offer special insights into how large and old business families build special cultures for their family members and employees." 2
- John L. Ward, Co-Director of the Center for Family Enterprises and Clinical Professor of Management and Strategy at the Kellogg School, in 2004.
In 2003, during the 14th Annual Family Business Network World conference held at the International Institute for Management Development (IMD),3 the Bonnier Group was awarded the 'IMD - Lombard Odier Darier Hentsch Distinguished Family Business Award.'4 The award recognized the globally operating multi-generation company that had achieved both family and business goals and had contributed to the global economy.
The award was instituted to recognize the best practices of a business family that benefited other family-owned companies. It was given to families whose enterprises had reached at least the third generation of family ownership and management. IMD announced, "Bonnier is an outstanding example of a larger, multi-generation family business with a structured, highly professional, and transparent approach to governance, continually nurturing the family interests in and around the business through permanent cross-fertilization of family and business based on values." 5
1] "51st Annual General Meeting (AGM) for the British-Swedish Chamber of Commerce", British Swedish Chamber of Commerce in Sweden, April 13, 2005.
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