Governance in Family Businesses - Evidence and Implications
16th December 2019
Best practices around family business governance is a topic of great interest to many in the family business community. Yet, not enough evidence has so far been published on the subject. This new report by Professor Carole Howorth (University of York) and Dr Martin Kemp (IFB Research Foundation) surveys this area of family business research and practice.
The report seeks to review the evidence, national guidance and codes relating to the governance of family businesses in order to identify key insights, gaps in knowledge, and implications for practice, policy and future research. The report authors highlight how the governance requirements of family firms depends on their longevity and stage of development, with generational maturity requiring different solutions. Whilst each family has different dynamics, structures and interpersonal relationships, identifying best practice in family governance can help to ensure the smooth transition of businesses through generations of a family.
The report will be of interest to owners of family businesses, family business researchers, family business advisers, as well as those working in the field of corporate governance more broadly.