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FAMILY BUSINESS GOVERNANCE: PERSPECTIVES, RESEARCH AND RECOMMENDATIONS
Download This ArticleJoseph H. Astrachan, Andrew D. Keyt, Suzanne Lane, Kristi S. Mcmillan
Abstract
Recent research raises serious questions as to the applicability of current corporate governance recommendations for family businesses. While perhaps valuable for listed companies, they may be harmful to family businesses because they arise from a market model rather than a control model of corporate governance. This chapter provides guidelines that will lead to greater board accountability and, in turn, positive identifiable results in board and company performance. These guidelines also incorporate propositions for further consideration by family business researchers.
Keywords: Corporate Governance, Family Business
How to cite this paper: Astrachan, J. H., Keyt, A. D., Lane, S., & Mcmillan, K. S. (2007). Family business governance: perspectives, research and recommendations. Corporate Ownership & Control, 5(1-2), 305-315. https://doi.org/10.22495/cocv5i1c2p6
