Richard Ivey School of Business

Richard Ivey School of Business

October 15, 2008 12:03 ET

CAFE and Ivey celebrate Canada's family businesses

Richardson family will address the “balancing act” of family enterprise

Attention: Business/Financial Editor, City Editor, News Editor LONDON, ON--(Marketwire - Oct. 15, 2008) - There's a saying in the Richardson family about the "grain dust in their blood".

After all, the family business, James Richardson & Sons, Limited - the largest privately owned network of grain facilities in Canada - has flourished for more than 150 years with five generations of family members at the helm.

It's a prime example of the strength of the family business structure, which is known to be the oldest and most enduring form of commercial enterprise worldwide.

On Wednesday, October 22, Hartley Richardson, seventh family president, James Richardson & Sons, and his cousin, Carolyn Richardson Hursh, Chairman of the Board, will share the joys, challenges and secrets to success of family business at the 5th annual National Family Business Day celebration hosted by the Canadian Association of Family Enterprise (CAFE) Southwestern Ontario and the Business Families Centre at the Richard Ivey School of Business.

The Richardsons will present, "The Balancing Act: The Family and Business in Co-Existence," at the event, which will be held from 8 a.m. to 12 p.m. at Sunningdale Golf & Country Club. Pre-registration is required.

The event will also include a family business panel session with Peter Channer, co-owner of Channer's, a London-based men's and women's clothing store and John Nash, owner of Nash Jewellers in London. Channer's involves three brothers from the Channer family and Nash Jewellers has involved four generations of the Nash family since 1918.

CAFE Southwestern Ontario will also present an achievement award for the Southwestern Ontario Family Enterprise of the Year 2008.

"It's a day to celebrate family businesses and there's much to celebrate because family businesses are a great source of wealth for the Canadian economy," said David Simpson, Executive Director of the Business Families Centre, Richard Ivey School of Business. "Family businesses provide the vast majority of employment in Canada and they outperform and outlast traditional businesses on all metrics."

According to Simpson, Canadian family businesses control about 45 per cent of the gross domestic product, create 70 per cent of new jobs and employ 15 per cent of the workforce. Those statistics are even higher in many Asian and Latin American countries.

Date: Wednesday, October 22, 2008

Time:
8-9 a.m. - Breakfast

9-10 a.m. - Address from Hartley Richardson and Carolyn Richardson Hursh

10-12 p.m. - Family business panel session with Channer's and Nash Jewellers and Achievement Award for Southwestern Ontario Family Enterprise of the Year 2008

Location:
Sunningdale Golf & Country Club
465 Sunningdale Road West
London, ON

Cost:
$89.25/person (CAFE members), $126/person (non-members), $892.50/table, pre-registration is required

To buy tickets, please contact CAFE Southwestern Ontario, 519-642-4349, southwesternontario@cafecanada.ca

The mandate of the Business Families Centre at the Richard Ivey School of Business includes a three-pronged approach to business families: study, support, and celebrate.

About the Richard Ivey School of Business, The University of Western Ontario
The Richard Ivey School of Business at The University of Western Ontario (www.ivey.ca) offers undergraduate (HBA) and graduate (MBA, Executive MBA and PhD) degree programs in addition to non-degree Executive Development programs. Ivey has campuses in London (Ontario), Toronto, and Hong Kong. Ivey recently redesigned its curriculum to focus on Cross-Enterprise Leadership - a holistic issues-based approach to management education that meets the demands of today's complex global business world.

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For more information, please contact:
Dawn Milne, Communications Specialist, Richard Ivey School of Business, 519-850-2536, dmilne@ivey.ca

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Contact Information

  • Dawn Milne, Communications Specialist, Richard Ivey School of Business
    Primary Phone: 519-850-2536
    E-mail: dmilne@ivey.ca