Family governance and its role in sustaining family-owned businesses

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Abstact

Family governance provides a framework that helps family-owned enterprises balance family and business interests, promoting stability and continuity across generations. This study examines how factors such as family size, generational diversity, and ownership distribution shape governance mechanisms. Through theoretical insights and case studies, key governance tools like family councils, family constitutions, and succession planning are analyzed. Findings indicate that governance strategies tailored to family structures play an essential role in enhancing the resilience and success of family businesses (Barbera et al., 2023; Rüsen et al., 2021).

Keywords: Family Governance, Family-Owned Businesses, Succession Planning, Corporate Governance, Generational Transitions

JEL Classification: G30, L21, M10

Received: 12.11.2024
Accepted: 18.11.2024

How to cite: Ulrich, P. (2025). Family governance and its role in sustaining family-owned businesses. In M. Pazarskis, A. Kostyuk, V. Santolamazza, & P. Capuano (Eds.), Corporate governance: Scholarly research and practice (pp. 29–34). Virtus Interpress. https://doi.org/10.22495/cgsrapp4