Interogo Foundation Explained

Interogo Foundation
Founded:1989
Area Served:Worldwide
Founder:Ingvar Kamprad
Hq Location:Liechtenstein
Subsid:Interogo Holding A.G. (non-IKEA related)
Type:Foundation

Interogo Foundation is a foundation registered in Liechtenstein as a Unternehmensstiftung (pronounced as /de/, literally in English: "enterprise foundation"). Its office is located in Vaduz, Liechtenstein. Until 2023, it owned Inter IKEA Holding B.V., registered in the Netherlands, which through its subsidiary Inter IKEA Systems controlled the intellectual property of the IKEA brand. In 2011, it was reported that the foundation controlled assets valued at US$15 billion.[1] [2] [3] [4] [5] [6] In 2023 it demerged, splitting off the Inter IKEA Foundation as a separate foundation that owns Inter IKEA Holding B.V..

History

Interogo Foundation was founded on 29 March 1989 in Vaduz, Liechtenstein. Its aim is to secure the longevity and independence of the IKEA concept and the continued existence of Inter IKEA Holding, as well as to influence the leadership of the company.[7]

The IKEA founder Ingvar Kamprad and his family used to control Interogo Foundation until 2013.[8]

On 1 September 2023, the Inter IKEA Foundation was demerged from the Interogo Foundation.[9]

Appo Trust

Until the end of 2010, the entity Appo Trust, based in Ontario, Canada, was in charge of appointing and replacing board members of Interogo Foundation. Appo Trust was controlled by the Kamprad family.[10] [11] [12]

Governance

The foundation board has at least two members, who at the time of the founding of Interogo Foundation were the lawyers Herbert Oberhuber and Johannes Burger. The foundation may be changed into a company or a trust if circumstances have changed so that this is in the foundation's interests. Meetings of the board are announced by the president of the foundation.[7]

Board members are appointed by the advisory council of Interogo Foundation. In 2013, Ingvar Kamprad resigned from that council and renounced his right to appoint its members. As of 2020, the rules for appointing members of the advisory council state that Kamprad family members may not hold a majority of the seats.[13] [14] [15]

Notes and References

  1. Web site: Contact. Interogo Foundation. 7 April 2022.
  2. Web site: About us. Interogo Foundation. 25 February 2020.
  3. Web site: Business and organisation. Interogo Holding. 7 April 2022.
  4. Web site: Our Business in brief. Inter IKEA Systems. 2 January 2020. 29 April 2020. https://web.archive.org/web/20200429230548/https://www.inter.ikea.com/en/about-us/business-in-brief/index.html. dead.
  5. News: Ikea's complicated tax-driven structure faces EU scrutiny. Richard. Milne. Rochelle. Toplensky. Financial Times. 18 December 2017. 2 January 2020.
  6. News: Kamprad gömmer Ikea-miljarderna i skatteparadis. https://web.archive.org/web/20130329025121/http://www.svt.se/ug/ingvar-kamprad-gommer-ikea-miljarder-i-skatteparadis. 29 March 2013. Svt.se. 26 January 2011. 28 January 2011. sv.
  7. Web site: Gruendungsurkunde. Interogo Foundations. 29 March 1989. 28 January 2011. de. https://web.archive.org/web/20121009000003/http://www.svt.se/content/1/c8/02/30/50/85/Stadgar_Interogo.pdf. 9 October 2012.
  8. News: Ingvar Kamprad bekräftar stiftelsen i mejl till TT. https://web.archive.org/web/20140222225128/http://www.svt.se/ug/ingvar-kamprad-bekraftar-stiftelsen-i-mejl-till-tt. 22 February 2014. Svt.se. 26 January 2011. 28 January 2011. sv.
  9. Web site: New owner of Inter IKEA Group . 2023-12-27 . www.inter.ikea.com . en.
  10. News: Two people in total control. Vikingson. Bosse. Smålandsposten. 27 January 2011. 18 November 2018. sv-SE.
  11. News: Kamprads 20-miljardersklipp. Stellan. Björk. Veckans affärer. 27 January 2011. sv. 18 November 2018.
  12. News: Så styrs Kamprads hemliga miljardstiftelse. Svenska Dagbladet. 25 February 2012. Hannes. Delling. sv. 11 February 2020.
  13. News: What will Ikea build next?. Richard. Milne. Financial Times. 1 February 2018. 2 January 2020.
  14. News: Mathias Kamprad steps down as chairman of IKEA brand owner. Anna. Ringstrom. Susan. Thomas. Reuters. 18 October 2016. 3 January 2020.
  15. Web site: Advisory Council (Beirat). Interogo Foundation. 3 January 2020.