Press releases

Munich, 2022-11-27

Employee rights also protected in SE companies

Are the co-determination rights of German employees protected when a company is converted into a SE? Or must changes be made, as the country’s three-party coalition government has announced? The Foundation for Family Businesses had this question addressed in a new legal opinion written by Professor Christoph Teichmann of the University of Würzburg, an expert for both German and European commercial and company law.

Munich, 2022-07-20

Listed family businesses are more successful

Publicly traded family businesses in Europe do business with a longer-term perspective and more successfully than companies that are not family businesses – and the greater the influence of the founding family, the better their performance. This is the conclusion reached by the study “Listed family firms in Europe” commissioned by the Foundation for Family Businesses and authored by an international research team directed by Marc Steffen Rapp, Professor at the Marburg Center for Institutional Economics of the Philipps-Universität Marburg.

Munich, 2022-04-26

The EU is violating the principle of democracy

The EU has chosen a procedure for adopting sustainability standards that violates EU treaties. At issue is the planned Corporate Sustainability Reporting Directive (CSRD). The standards necessary for it actually ought to be discussed between the European Parliament and the European Council, but the task of lawmaking has been delegated to the EU Commission. Even the Commission has laid down only a few core points and is leaving the details to an external organisation – "Efrag", the European Financial Reporting Advisory Group – which is a private consultancy under the influence of interest groups.

Munich, 2022-04-11

States must dismantle trade barriers

The world’s states must move closer together in their trade policies and dismantle trade barriers. This would be the correct response from the European Union to the new geopolitical reality according to the study “European Trade Policy at the Service of Geopolitics?” published by the Foundation for Family Businesses. This study was prepared by Professor Gabriel Felbermayr, the director of the Austrian Institute of Economic Research (Wifo).

Munich, 2022-03-29

Prices exert control more effectively than the state

Family businesses support clear government rules and the social market economy. Particularly in exceptional situations such as the financial market crisis, the coronavirus pandemic and now, in view of a war in Europe, state intervention is necessary. But when does government regulation become dirigisme? Is responsible enterprise possible if economic activity must constantly be measured according to abstract moral categories?

Munich, 2022-02-07

“Voluntarily dispossessed” 50 years ago

The end of family businesses in the GDR still casts a shadow

The date was 8 February 1972. The decision by the Politburo of the Central Committee of the Socialist Unity Party of Germany (Sozialistische Einheitspartei Deutschlands, SED) was taken in strict secrecy: the SED leadership demanded that the last remaining private and semi-nationalised businesses in the GDR be converted into nationally owned enterprises. The names of the owner families were to be erased and proud traditions extinguished. The purchase price was to be a small sum as compensation.