Danish Industrial Foundations by Thomsen Steen
Industrial foundations are foundations that own companies. Typically they combine charitable and business goals. Some global companies such as IKEA Robert Bosch or the Tata Group are foundation-owned but nowhere are they as numerous as in Denmark. Three of the four largest Danish companies - the pharma company Novo Nordisk the shipping company A.P. Moller-Maersk and the Carlsberg brewery - are all foundation-owned. Surprisingly very little has been written about what industrial foundations are and how they operate.The Danish Industrial Foundations provides a comprehensive overview. The book covers aspects such as theory law taxation economic importance company performance governance and philanthropy. The book is the result of a large collaborative research project led by the author on industrial foundations.