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Family-controlled businesses demonstrate exceptional long-term performance. Since 2005, such businesses have significantly outperformed the S&P/TSX Composite. Family-controlled businesses earned an annualized return of 8.3%, compared to 7% for their publicly-traded counterparts, according to the National Bank of Canada鈥檚 Family Advantage 2023-24 Report. Associate Professor Karl Moore served as academic advisor on the report, which attributes the success of family-controlled firms partly to their ability to focus on long-term challenges such as finding innovative solutions to reduce greenhouse gas emissions, while delivering sustained returns for stakeholders.