Farhad Forbes, Co-chairman, Forbes Marshall, has been re-elected global Chair of Family Business Network International (FBN). He is the first non-European to hold this prestigious position and has been reappointed for a second term.
FBN is the world’s leading organization of business-owning families. It was founded in 1989 and is headquartered in Lausanne, Switzerland. The FBN Mission is to offer business families a safe space to learn from, share with, and inspire each other about how to guide the family involvement in the business; facilitate relationships within the family; raise awareness and importance of the family business models in society.
FBN is a federation of 32 Member Associations in 65 countries. The global network comprises of 4,000 business-owning families - that includes 17,000 individuals of which 6,900 are Next Generation members.
Meanwhile, Forbes Marshall, whose roots go back to 1926, is a leading manufacturer of steam engineering and control instrumentation solutions. Their products and services help industries save energy, improve process quality and throughput, and run a clean and safe factory.
FBN's India chapter - a collaborative venture with the Confederation of Indian Industry (CII), has around 300 members from 133 business families, including groups like TVS, GMR, Murugappa, and DCM Shriram.