Canada NewsWire
MONTREAL, Oct. 13, 2020
The performance of publicly-traded Canadian family-controlled companies consistently exceeds that of widely held companies
MONTREAL, Oct. 13, 2020 /CNW Telbec/ - National Bank of Canada released today its Family Advantage Fall 2020 report, which helps to better understand the inherent advantages of family-owned companies through an analysis of 38 Canadian corporations under family or founder control. The report clearly demonstrates superior long-term performance of publicly-traded Canadian family businesses.
This year, the publication features the perspectives of nine business leaders whose companies are shaping the Canadian economy: Jenny Coco (Coco Group), Sarah Davis (Loblaw), Stephany Fier (Silvercrest Metals), Christiane Germain (Groupe Germain), Julie Godin (CGI), Linda Hasenfratz (Linamar Corp.), Madeleine Paquin (Logistec), Maureen Sabia (Canadian Tire) and Nancy Southern (ATCO/Canadian Utilities).
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About The Family Advantage 2020 report
The Family Advantage 2020 updates and enriches the 2018 edition of the report. It presents the NBC Canadian Family Index calculated by S&P Dow Jones Indices, which tracks and measures the performance of Canadian companies controlled by families relative to the S&P/TSX Composite Index, the main index of the stock market. The Family Index includes 38 family-owned Canadian companies in different sectors across the country (see the full list of companies included in the Appendix) and is based on the application of objective quantitative criteria to an index universe provided by S&P Dow Jones Indices, the Index calculator.
In the NBC Canadian Family Index, a company is considered to be family-controlled if the founding family or founder(s) directly or indirectly hold at least 10% of the company's voting rights or, alternatively, if individual(s) and/or related entities hold at least 33.3% of the company's voting rights (for more information, please see our website here.)
Vincent Joli-Coeur, Stephanie Larivière and Philippe Lefebvre Duquette from National Bank of Canada alongside academic contributor Dr. Karl Moore of McGill University and Oxford University are the co-authors and coordinators of this report.
About National Bank of Canada
With $322 billion in assets as at July 31, 2020, National Bank of Canada , together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 26,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.
SOURCE National Bank of Canada
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