Kellogg School of Management Honors Australia's Owens Family for Leadership, Commitment to Family Enterprises Worldwide
Photo © Nathan Mandell
5/17/2006 - The Kellogg School of Management at Northwestern University awarded the fifth annual Kellogg Award for Special Contributions to Family Business to the Owens family of Sydney, Australia. The Kellogg School recognizes the leadership and dedication generously shared by the Owens family in the field of family enterprise. Their company, R.O.I. Pty Ltd, is a family-owned securities and real estate investment firm led by Mr. Richard Owens. Following the sale of their family-owned retail grocery business, the Owens family started R.O.I. Pty Ltd and established it as a thriving family business model.
Individually and as a family, the Owens have shared their experiences with other family businesses by participating in family business teaching programs all over the world and in a case study series that is used globally by business schools. On a more informal basis, the family has guided dozens of business families, mostly in Australia, in the structure of family councils, family constitutions, family meetings, governance, succession planning, shareholder agreements, family conflict and sibling rivalry. Richard Owens also served as a founding board member of the international association for family businesses, The Family Business Network.
“We are honored that such an important award is being given to our family,” said Richard Owens. “We are not the family on the tip of everyone's tongue or a huge brand, but we have experienced a lot.”
The award was presented by the dean of the Kellogg School, Dipak C. Jain. Accepting the award on behalf of the Owens family are Richard Owens, Mary Owens, Marilyn Owens Boyer, Alison Owens-Loxton and Matthew Loxton.
“Virtually everyone in the Owens family has been called upon for advice or their opinion on family business,” said Professor John Ward, co-director of the Kellogg Center for Family Enterprise. “They are very generous with their time, and have shared both their ups and downs of their experiences with others.”
Past recipients of the award include:
2005 Award Recipient: The Samuel C. Johnson family of Racine , Wis., the global leaders in four different market groups composed of consumer products, financial services, institutional products and outdoor recreational products.
2004 Award Recipient: The Bonnier Family of Sweden, owners of Bonnier Group, financial supporters of Family Business Network International and founding partners of Family Business Network of Sweden.
2003 Award Recipient: The Puig Family of Spain, owners of Corporacion Puig, co-founders of The European Group of Family Enterprises (GEEF) and Spain's Instituto de la Empresa Familiar (IEF).
2002 Award Recipient: Philippe and Nan-b Gaspe Beaubien of Canada, Founders of Telemedia Corporation and Business Families Foundation.
About the Center for Family Enterprises
The Center for Family Enterprises at the Kellogg School is involved in research on family business strategies, policies and best practices. Its mission is to help build a family business community among Kellogg students, faculty and alumni and develop a global network of successful business families who can learn and connect with each other.
About The Kellogg School of Management, Northwestern University
The Kellogg School of Management at Northwestern University was founded in 1908 and is widely recognized as a global leader in graduate business education. The school, located outside of Chicago, is home to a renowned, research-based faculty and MBA students from around the globe. The Kellogg School includes the Full-time, Part-time and Executive MBA programs and the non-degreed Executive Education Program. The school offers three joint degree programs: the JD-MBA, MD-MBA and MEM-MBA. Additionally, the Kellogg School of Management has alliances with business schools in Europe, Asia and Canada.