Interogo Foundation is a foundation registered in Liechtenstein. It owns Inter IKEA Holding S.A. registered in Luxembourg, which owns Inter IKEA Systems B.V, and thereby controls the intellectual property

Intellectual property

Intellectual property is a term referring to a number of distinct types of creations of the mind for which a set of exclusive rights are recognized—and the corresponding fields of law...

 of the IKEA

IKEA

IKEA is a privately held, international home products company that designs and sells ready-to-assemble furniture such as beds and desks, appliances and home accessories. The company is the world's largest furniture retailer...

 brand. Ingvar Kamprad

Ingvar Kamprad

Ingvar Feodor Kamprad is a Swedish and the founder of IKEA, a retail company.According to Forbes magazine, as of 2011 he is the 162nd wealthiest person in the world with an estimated net worth of around US$6 billion in 2011...

, the founder of IKEA, and his family control the Interogo Foundation. Royalties of 3% on all IKEA products has resulted in the foundation controlling assets valued at US $15 billion.

History

The foundation was founded on the 29 March 1989 in Vaduz, Liechtenstein. The aim of the foundation is to secure the continued existence of Inter IKEA Holding S.A. and to influence the leadership of the company.

Governance

The foundation board has at least two members, who were originally lawyers Herbert Oberhuber and Johannes Burger. The members can be appointed or replaced by the Appo Trust based in Ontario, Canada or by an equal trust created by the foundation. Meetings of the board are announced by the president of the foundation. The foundation may be changed into a company or a trust if circumstances have changed so that this is in the foundation's interests.

External links

• Founding document of the foundation.
• Information from the Nation Swedish Broadcasting Company, SVT.