Press Release (ePRNews.com) - SINGAPORE - Oct 23, 2016 - Diversified industrial group, Jebsen and Jessen (SEA), has been awarded the EY-Barclays Family Business Award of Excellence, at this year’s EY Entreprenuer Of The Year 2016 awards. In its 4th year, the Family Business Award recognises outstanding business families that successfully balance the interest of family and business, and who have grown their companies while contributing back to society through philanthropic and social engagements.
Previous awardees include Eu Yan Sang International, B.P. de Silva Holdings, and Kewalram Chanrai Group. To be honoured, the Company must show evidence of a successful, sustainable and long-term oriented strategy, one with an effective and transparent corporate governance approach which enables the execution of strategy while living out family values. There must also be evidence of unity among the ownership family coupled with an entreprenuerial spirit and commitment to philanthropic causes.
Mr. Vikram Malhotra, Head of Sales for South & Southeast Asia, Wealth & Investment Management, Barclays says, “Great family firms are incredibly focused on the long-term sustainability of their businesses. They evolve with the times yet preserve their unique DNA. This year’s winner Jebsen & Jessen (SEA) is a prime example of a family business that remains true to its philosophical roots – build a sustainable business and remain entrepreneurial in spirit.”
Mr. Heinrich Jessen, Chairman of Jebsen and Jessen (SEA), “Receiving this prestigious award is a great honour for us and motivates us to continue the family enterprise approach established and followed by the previous generations: ensuring that a growth-oriented entrepreneurial spirit is allowed to thrive while concurrently maintaining sound, conservative financial discipline and independence from any single industry, geography or business relationship.”
“Successful family businesses vary greatly in what sort of policies they have in place on governance, succession and involvement of family members in the ownership and management of the business. But they tend to have three things in common which I believe are crucial: they have policies, they stick to them and they communicate them clearly.”
The award was presented at the EY Entreprenuer Of The Year Awards Gala held today at The Ritz-Carlton, Millenia Singapore. The gala is officiated by Guest-of-Honor, Minister for National Development and Second Minister for Finance, Mr. Lawrence Wong.
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Jebsen & Jessen (SEA)