EFBNews #21

Upcoming for 2021

In the first quarter of 2021, EFB will be releasing several position papers.
In the first quarter of 2021, EFB will be releasing several position papers.

Summit announcment

Following consultation with the EFB Board, the decision has been made to move EFB’s Summit for 2021 online.  With the current situation surrounding the COVID-19 pandemic, the board decided that with the uncertainty surrounding travel and focusing on the health of our members, this was the best solution so

Directors Retreat

Due to the COVID-19 pandemic, EFB’s 2021 Director’s Retreat took place online.  The retreat saw Member Chapter Directors join an online conference to discuss the situation of family businesses across Europe and the challenges faced. The retreat opened with EFB President Mr Udo J. Vetter welcoming the participants and

Interview with EFB President Udo J Vetter

Vetter Pharma Could you give us a brief outline about its’ history and founding?Within 70 years, Vetter developed from a local pharmacy in Ravensburg to a global-leading pharmaceutical solution provider in the area of injectable drugs. Today, we manufacture drugs for our large and small pharma and biotech customers,

EFB meets with Kerstin Jorna

EFB meets with Kerstin Jorna At their Board Meeting on 20th October, EFB’s Board members were joined by Kerstin Jorna, the Director General for DG GROW, European Commission DG Internal Market, Industry, Entrepreneurship and SMEs. Ms Jorna joined the meeting to speak to EFB about her proposed workplan for DG GROW

2020 KPMG Global Tax Monitor

KPMG’s 2020 Global Tax Monitor explores the situation of taxation on family businesses in 54 countries, regions, and jurisdictions. It explores the principal factors impacting the transfer of business and succession process across the globe. The main theme of 2020’s monitor is “Charting a path for the future”, something that

Privacy concerns for Family Businesses

Following discussion with the Management Committee and the Board in October, EFB drafted a letter to DG CONNECT in response to the European Commission’s consultation on high-value data sets. In their proposal, the European Commission intended to make specific types of data sets publicly available. This proposal included making

EFB Member Chapter Updates

Finnish Family Firms Association elected EFB Vice-President Alexander Bargum as its new chairpersonEFB Vice-President Alexander Bargum has been elected as the new Chairperson of Perheyritys (Finnish Family Firms Association). Mr Bargum is the 4th generation owner of Algol, a Finnish multi-industry group in imports, wholesale and industrial services, and


In the latest transnational meetings, EFB presented their finalised educational module on family business governance structures and were able to share this with the fantastic team of academics and organisations that make up the SPRING Project consortium.  The transnational meeting saw some excellent modules presented in what promises to


On 5th and 6th October, the third transnational meeting of the SUFABU Project looking at succession in family businesses, organised by the project’s Italian Partner CEDIT, took place on a hybrid platform due to COVID-19 travel restrictions.  Some project partners were able to be physically present in Florence, whilst others, including

A word from our sponsors, KPMG

Creating value through good governance:  How to balance what is right for the business and for the familyChoosing the right governance practices in a family business is a critical ingredient for its long-term sustainability. While business governance is essential for effective business processes and establishing control mechanisms, family governance