80% of enterprises of this type in the country continue in the hands of a single family, according to a recent survey.
It was done in Montevideo he Family Business Congresswhere the results of the second survey of family businesses “Family Portraits in Uruguay” carried out by the consulting firm KPMG and the Center for Fiscal Studies (CEF). The data reveal that 80% of the Family businesses It is still owned by a single family.
“The Family businesses They are fundamental pillars of our economy, and understanding their dynamics and challenges is essential to drive their sustainable growth,” he told Ámbito.com, Veronica Ballesterocoordinator of the Family Business Center, which operates within the orbit of the Chamber of Commerce and Services of Uruguay (CCSUy).
Regarding the characteristics that a family business must have, the representative indicated that “three characteristics must be met and they must occur simultaneously. The majority of the shares belong to a family, and at least one person from that family works in the company. and perhaps the most subjective, is that there has to be a genuine desire to delegate the company to the next generation.
“The Family Business Center emerged 15 years ago; it emerged through an agreement between the IDB (Inter-American Development Bank) and the Chamber of Commerce. We are a business unit within the Chamber of Commerce, even so we serve Family businesses in general from sectors including industry and agriculture, not only commerce and services,” he said. Crossbowman.
Main data
The 2023 survey shows that an approximate 80/20 structure of property-owning families is maintained, where 80% of the companies It is owned by a single family and the remaining 20% by two families. At the same time, the fact that in 80% of cases, the generation that leads the company is the first or second is maintained compared to the first edition.
73% of the companies It does not see opportunities for sale or integration of capital in the future, representing a significant increase compared to 2021. What remains is that those who consider the possibility limit it to family interest (6 out of 10 in both surveys).
On gender issues, 7 out of 10 companies Participants have women from the family working in the company, and the roles mostly held are management positions or as members of the board of directors. Even so, 53% of the participants indicate that positions of responsibility are occupied by men.
Source: Ambito
