Chair of Family Business
Company: Family Business Institute/Galician Association of Family Business/Abanca/Inditex
Year of establishment: 2005
Chairholders: Santiago Lago Peñas and Elena Rivo López
Management service: Research Service of UVigo/Fuvi/Others
The Chair of Family-Owned Business of the University of Vigo was born in 2005, participating in the net of university chairs of the Family Business Institute. In 2019, the Chair renewed the collaboration agreement with the University of Vigo, the Galician Association of Family Business and the Inditex group. This agreement recognises the special significance and strategical relevance, from different perspectives, of the family businesses in the Galician economy and society.
The objectives of this Chair can be summarised in the diffusion, teaching and researching on the singularity and challenges of the FAMILY BUSINESSES. This objective is justified and motivated by the economical relevance of the family businesses, fundamental pillar of the economy, their involvement and commitment with their geographical and social environment, as well as their distinctive features, which often led to difficulties in the succession process and their continuity. Also, the Chair of Family Business of the University of Vigo collaborates actively on the activities and meetings of the Galician Association of Family Business, counselling and elaborating reports in the issues that the association considers relevant.