Award criteria

To select the award winner, a panel of independent jury experts will examine different aspects of the sustainability of family businesses. To be eligible companies must have a turnover of at least USD 200 million, have business in at least two countries, and include family members from at least the second generation. Companies involved in industries such as weapons, hazardous materials or tobacco are not eligible.

The award celebrates family-owned businesses that are leaders in sustainability, with a specific focus on both breadth and depth in strategy, initiatives, impact, implementation and stakeholder engagement.

Award process

Step 1 - Call for nominations and applications (June-July)- IMD solicits applications from family businesses. It is not too early to start thinking of an outstanding family enterprise (including yours) to nominate in 2020. If you would like us to get in touch when the nominations are open, please drop us a line here.

Step 2 – Selection of finalists (September)
Based on the award criteria, finalists will be identified by the evaluation committee composed of:
- Vanina Farber, IMD Professor holder of the elea chair for Social Innovation
- Honora Ducatillon, Head of Family Office Services, Pictet Wealth Management
- Marie-Laure Schaufelberger, Group Stewardship Officer, Pictet Group
- Marta Widz, IMD Family Business Research Fellow
- Natalia Olynec, IMD Sustainability Partner
- Victoria Kemanian, IMD Director Business Transformation Initiative

Step 3 – Advanced research on the finalists (September-October)
Advanced research and personal interviews will be conducted with key family members from the finalist family businesses.

Step 4 - Jury meeting and vote (November)
The award jury votes individually and anonymously.

Step 5 - Award Ceremony (November - December)
Announcement of the winner.

Step 6 - Prepare the case study on the winning family business (December-February)
The winner will be interviewed for a full teaching case study, accompanied by a video.

Prizes

Symbolizing the extension of the totem pole linking heaven and earth, the award trophy is crafted by Chopard, a family-run business and expert in watches and jewellery. It is made from recycled materials in the shape of the leaf of a tree and designed as a further development to the IMD Global Family Business Award trophy.

The IMD Global Family Business Center offers complimentary seats to both the winner and the finalists to attend either the Leading the Family Business program and/or Leading the Family Office program.