In this context, a family business is defined as a company in which the person who founded it or acquired its share capital owns at least 25% of the voting rights, whether it is him, her, their relatives, or their descendants.
The study, recently published in the Journal of Business Ethics, has determined that the predisposition of family businesses to promote ecological policies that reduce greenhouse gas emissions is even greater when members of the owning family are involved in the corporation’s governance system through their participation on the Board of Directors.
