EY celebrates Stanfield family with Family Business Award of Excellence

Award recognizes outstanding achievements of prominent Atlantic family

HALIFAX, Sept. 15, 2014 /CNW/ - EY is pleased to present Atlantic Canada's Stanfield family with the Family Business Award of Excellence at the Atlantic Entrepreneur Of The Year gala on 3 October 2014.

"It's not every day that we're able to celebrate a family business that has stood such an immense test of time," says Jim Lutes, Atlantic Entrepreneur Of The Year program director. "The Stanfield family proves what is possible when a family business is able to sustain innovation and maintain values. We're thrilled to celebrate their legacy with our Family Business Award of Excellence."

This special award recognizes leaders of outstanding entrepreneurial families with a culture and tradition of successfully balancing business and family issues, growing the business through innovation, and contributions through philanthropic or social engagement. The families support these traditions with sustainable, long-term strategies that include effective and transparent corporate governance.

Charles E. Stanfield began his entrepreneurial journey in Prince Edward Island in 1856. Ten years later he moved to Nova Scotia to found Truro Woolen Mills. Charles' sons inherited the company in 1896 and incorporated it in 1906. The rest is history. Today, Stanfield's Limited is a leader in undergarment apparel.

"Innovation lies at the heart of the Stanfield family's success," says Lutes. "Their ability to continue developing cutting edge apparel that anticipates and meets evolving consumer demands is something we can all admire. It's that kind of entrepreneurial mindset that drives our country forward."  

Family businesses create immense value for our economy and communities. An impressive 90% of companies in North America are family-owned businesses. That's not all. Family businesses:

  • Employ 57% of North America's workforce
  • Generate 60% of Canada's GDP
  • Create 70% of all new jobs in North America
  • Provide 50% of all charitable donations

"The Stanfield family is a part of history in Atlantic Canada," says Lutes. "It's an honour to recognize their success."

For more information about the awards gala and to buy tickets, please contact Kathleen Potter at 506 634 2135 or Kathleen.Potter@ca.ey.com.

About EY Entrepreneur Of The Year
EY Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential, and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries.

For more information on the program finalists, FAQs and key dates, please visit ey.com/ca/EOY

Follow us on Twitter @EYCanada: #EOYAtlantic.

This year's national program sponsors are National Post, La Presse, RDI, TEC Canada, Merrill DataSite, Pandora Jewellery, The Printing House Limited and Kira Talent. In the Atlantic region, Progress Magazine is the gold sponsor, RBC Financial Group and McInnes Cooper are patron sponsors.

About EY's Family Business services
EY is a market leader in advising and guiding family businesses. With almost a century of experience supporting the world's most entrepreneurial and innovative companies, we understand the unique challenges they face — and how to address them. We offer a personalized range of services aimed at the specific needs of each individual business — helping it to grow and succeed for generations. Our Family Business Global Center of Excellence is a powerful resource that provides access to our knowledge, insights and experience, connecting family business owners to their peers and the strength of our global network. www.ey.com/familybusiness

For profiles of our Family Business Award of Excellence winners access our EY Global Family Business Yearbook 2014, here. Together, these profiles form an unparalleled collection of stories from some of the most successful multi-generational entrepreneurial family businesses in the world.

About EY's Strategic Growth Markets Network
EY's worldwide Strategic Growth Markets Network is dedicated to serving the changing needs of high-growth companies. For more than 30 years, we've helped many of the world's most dynamic and ambitious companies grow into market leaders. Whether working with international mid-cap companies or early-stage venture-backed businesses, our professionals draw upon their extensive experience, insight and global resources to help your business succeed.

For more information, please visit ey.com/ca/Entrepreneurs.

EY was recently named 2014 Professional Services Organization of the Year by Startup Canada. The Startup Canada Awards celebrate and distinguish the individuals, communities and institutions in Canada that have demonstrated innovation, excellence, outstanding achievement and impact in advancing Canadian entrepreneurship.

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY is proudly celebrating 150 years in Canada. For more information, please visit ey.com/ca. Follow us on Twitter @EYCanada.

EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

SOURCE: EY (Ernst & Young)

For further information: Erika Bennett, erika.bennett@ca.ey.com, 416 943 5497; Sarah Shields, sarah.j.shields@ca.ey.com, 604 648 3607; Julie Fournier, julie.fournier@ca.ey.com, 514 874 4308

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