TFAB and Atrevia presented the results of a joint study during a successful breakfast-conference.
Yesterday the fourth floor of ONTIER Madrid hosted the presentation of the results of the 'Joint Study of Governance in Family Business', carried out by TFAB and Atrevia. The aim of this study is to assess the situation of governance in Spanish family businesses from a corporate point of view and taking into account communication implications. Sharing the main concerns and challenges facing these companies is a necessary conversation to start, as 'these are the organisations with the highest turnover and the best rate of job creation globally.'
Manuel Bermejo, President of TFAB, and Asunción Soriano, CEO of Atrevia, presented the results of the report to the attendees. Manuel Bermejo highlighted the need for greater internationalisation, which remains an outstanding issue for Spanish family businesses. On the bright side, 85% of the companies surveyed are optimistic about the future and have growth expectations.
In terms of governance structure, the creation of family governance bodies is a common feature in most companies. It should be noted that most companies lack a specific training plan for family members who are also current or future shareholders.
Investing in communication, taking care of reputation and taking into account sustainability plans become key aspects for Family Businesses feasibility. Asunción Soriano highlighted the importance of creating channels and messages to communicate externally, but also internally, as employees should be the first to enjoy effective communication. Listening to employees as well as sharing the company's culture and values become necessary steps to move forward and grow.