IMD Annual Report 2019

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IMD ANNUAL REPORT 2019

Since 1988, the IMD Global Family Business Center has been a world-leading family business research and education center. TheCenterworkscloselywithglobally leading family enterprises, conducts highly relevant research and delivers transformative learning experiences, bringing best practices to all generations of business-owning families, family offices and foundations. New leadership 2019 saw new leadership at the Center with the appointment of Professor Peter Vogel as Director.

Program innovation The Center launched a new program Navigating Your Family Enterprise – which takes an outside- in perspective on the latest trends and disruptions, exploring successful generational transitions and value creationstrategiescontextualizedforfamilybusinesses. A greater emphasis on purpose, sustainability, and family businesses being a force for good was integratedintotheCenter’sflagshipprogramLeading the Family Business, along with more personalized team and individual coaching. The Center recorded a marked surge in interest from Asia for its programs, especially Leading the Family Office, which remains a unique program for families of wealth. Global custom journeys Several fully customized journeys were delivered across the world focusing on topics including responsible ownership, NexGen engagement, succession and family governance. The size ranged from intimate family settings to the development of a company-wide multi-layered academy for a leading global family firm. Annual awards German freight company Dachser was presented with the 24th edition of the IMD Global Family Business Award , sponsored by Pictet. Firmenich, the world’s largest privately-owned fragrance and flavor company, won the inaugural IMD-Pictet Sustainability in Family Business Award . This new award was presented during the Family Business: A Voice for Change in Sustainability Forum, which hosted leading thinkers and actors in the field of sustainability.

HIGHLIGHTS FROM 2019

• Professor Peter Vogel appointed as Center Director • Launch of a program helping enterprising families better deal with disruptive pressures and innovate more successfully • Launch of the IMD-Pictet Sustainability in Family Business Award • Custom programs delivered across the globe • Dachser and Firmenich distinguished with prestigious awards • Family Business Forum: A Voice for Change in Sustainability • Research in philanthropy and excellence in family business