Family Firm Performance Study June 2013
Canada's family controlled corporations outperformed the TSX Index between 1993 and 2012
AUTHORS | Antonio Spizzirri and Matt Fullbrook
DATE | June 2013
Family controlled corporations have long been viewed as second class citizens of good governance. They are less likely to adopt common best practices such as high levels of director independence and equal voting rights for all shareholders.
CCBE found, however, that Canada's 23 largest publicly traded family firms outperformed their peers on the TSX Index over the past 20 years, and in many cases have rebounded more robustly from the Financial Crisis. Perhaps it is time to re-think what good governance means for family firms.
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