Through the foundation ownership, the IKEA Concept will remain under the ultimate and undivided control of Interogo Foundation. This prevents a fragmentation of ownership, which potentially could occur in case of family ownership or stock market listing.
Interogo Foundation is an Enterprise Foundation (Unternehmensstiftung), which is an independent entity with legal personality under Liechtenstein law. The foundation has its own governing bodies and exists for an unlimited period of time.
The main purpose of Interogo Foundation is to secure the independence and the longevity of the IKEA Concept, and to own and govern Inter IKEA Group.
Put simply, the characteristic of an enterprise foundation is that it “owns itself”. Although the foundation is discretionary in nature, there is no and can never be any individual beneficiary of Interogo Foundation. Funds held by the foundation can only be used for its purposes. This is irrevocable.
Ingvar Kamprad, his descendants and their spouses and life companions are irrevocably excluded from all direct and indirect benefit without recompense. This means that if any family member becomes employed in any of the businesses owned by Interogo Foundation, they would only be eligible for a salary under the same terms as any other co-worker. This also applies to board fees, which can be paid under the same conditions as those paid to non-family board members. In addition, business transactions can only take place at market conditions, as with other parties.
Consequently, the Kamprad family neither owns nor controls Interogo Foundation.
It is, however, intended that the family of Ingvar Kamprad, as the founder of IKEA, over generations should be offered the opportunity to be engaged in the Advisory Council (Beirat) of Interogo Foundation, but always in a minority.
Through the foundation ownership, the IKEA Concept will remain under the ultimate and undivided control of Interogo Foundation, over generations and irrespective of changes in the circumstances of individuals or family relationships. The foundation ownership prevents a fragmentation of ownership, which potentially could occur in case of family or public ownership. For these reasons, Liechtenstein foundation law, which offers a particular form of enterprise foundation (Unternehmensstiftung), was found to be best suited for the purpose for which Interogo Foundation was established.