The new legal entity does not change any of the ownership of Bertelsmann. As early as the 1970s and 1980s, the Mohn family built up the Bertelsmann Stiftung, which has owned the majority of shares in Bertelsmann since 1993. In addition to social responsibility, tax considerations played a role in this. Moreover, this strategy was intended to preserve the continuity of the company. Today, according to Bertelsmann, the Mohn family holds 19.1% of the shares. The three foundations, Bertelsmann Stiftung, Reinhard Mohn Stiftung and BVG Stiftung, together own 80.9%. The "Bertelsmann Verwaltungsgesellschaft mbH" (BVG) has key influence on the whole group: It bundles all the voting rights of the Mohn family and foundations with ownership shares. Together, they own 100 percent in the general assemblies of the group company (Bertelsmann SE & Co. KGaA) and its general partner (Bertelsmann Management SE).