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.