Corporate governance, via the active monitoring of a company’s management by its board of directors, is an accepted practice. For publicly-listed companies controlled by families, the general perception is independent directors should actively take up the mantle of watching out for the interests and rights of minority shareholders. But, is there a possibility whereby over-zealous monitoring might crimp the growth of these family-run companies, thus, doing more harm than good? According to a new study: Yes, it does!
Accounting | Business | Finance and Financial Management
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Finance and Accounting
Leave some breathing room for optimal value creation in Asian family-owned firms. (2009). Knowledge@SMU.
Available at: http://ink.library.smu.edu.sg/ksmu/61