Family Business Honours 2009 JPMorgan
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2006 Family Business Honours

In 2006, four family firms were honoured by the JPMorgan Private Bank Business Honours programme for their best practices.
Family Governance Winner Business Success Winner Social Responsibility Winner Public/Private Partnership Winner
Wates Group Limited Musgrave Group plc Newhall Publication Ltd Caledonia Investments plc


"Ex Unitate Vis" - from unity comes strength

Wates Group Limited was named the 2006 winner in the Family Governance category for clearly demonstrating the systems of governance which have helped them to reach the third and fourth generation of family ownership.

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"Company Values: Long-term stable relationships, Not being greedy, Honesty, Working hard, Achievement"

Musgrave Group plc was named the 2006 Winner in the Business Success category for demonstrating remarkable growth in its fifth generation.

Musgrave has achieved a strong market position and excellence in business standards. The firm says that its mission is to be the number one supporter of independent retailers in the markets in which it operates.

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"To Make Our Members Feel Special"

Newhall Publication Ltd was named the 2006 Winner in the Social Responsibility category for demonstrating excellent standards of philanthropy and good citizenship in its third generation.

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"Tendimus (we go forward)"

We have introduced a new category this year of Public/Private Partnership. Caledonia and have recognised the unique challenges and opportunities which arise from a mixture of public listing and family control.

The winner of this category was Caledonia Investments plc, a UK Investment Trust currently capitalized at £1.4bn. The family business founded by August Cayzer in 1876 had its origins in Far East shipping as Clan Line and subsequently traded as British and Commonwealth Shipping.

The business is now owned and managed by its 4th and 5th generations.

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Overall Excellence Winner

Wates Group Limited



"Ex Unitate Vis" - from unity comes strength
Wates Group Limited, this year's winner has taken a hard-headed look at its strategy in the last few years, both for the family and for the business. It has repositioned itself with a focus on construction, appointed a non-family CEO and set itself a demanding target to deliver for customers on time, on budget every time. Overall this was seen as a great example of an outstanding family business.

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J.P.Morgan International Bank Limited, 125 London Wall, London EC2Y 5AJ, authorised and regulated by the Financial Services Authority. J.P.Morgan International Bank Limited is a subsidiary of JPMorgan Chase & Co.
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