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Introduction

Corporate governance in family-owned businesses has emerged as a critical area of research in recent years due to the unique challenges and complexities that arise when family dynamics are combined with the management and oversight of a business. Family-owned businesses are a significant part of the global economy, with many of the world’s largest companies being controlled by families. Despite their economic importance, family-owned businesses face distinct governance issues that can impact their long-term sustainability and success.

This thesis aims to explore the various aspects of corporate governance in family-owned businesses, with a focus on understanding how family dynamics, ownership structures, and governance mechanisms interact to influence firm performance. By examining the challenges and opportunities associated with governance in family firms, this study seeks to provide valuable insights that can help to inform governance practices and policies in these types of organizations.

Chapter 1: Introduction
1.1 Introduction
1.2 Background of study
1.3 Problem Statement
1.4 Objective of study
1.5 Limitation of study
1.6 Scope of study
1.7 Significance of study
1.8 Structure of the Thesis
1.9 Definition of terms

Chapter 2: Literature Review
2.1 Introduction to Corporate Governance
2.2 Family-Owned Businesses: Definition and Characteristics
2.3 Governance Challenges in Family Firms
2.4 Theoretical Perspectives on Corporate Governance in Family-Owned Businesses
2.5 Governance Mechanisms in Family Firms
2.6 Succession Planning and Governance
2.7 Board of Directors in Family Firms
2.8 Ownership Structure and Governance
2.9 Agency Theory and Family Governance
2.10 Empirical Studies on Corporate Governance in Family-Owned Businesses

Chapter 3: Research Methodology
3.1 Research Design
3.2 Data Collection Methods
3.3 Sample Selection
3.4 Data Analysis Techniques
3.5 Research Variables
3.6 Measurement of Constructs
3.7 Research Hypotheses
3.8 Limitations of the Research

Chapter 4: Discussion of Findings
4.1 Overview of Findings
4.2 Governance Practices in Family Firms
4.3 Impact of Family Dynamics on Governance
4.4 Ownership Structures and Governance Effectiveness
4.5 Succession Planning Strategies
4.6 Board Effectiveness in Family Firms
4.7 Governance Mechanisms and Firm Performance
4.8 Comparison of Governance Practices in Family and Non-Family Firms

Chapter 5: Conclusion and Summary
5.1 Summary of Findings
5.2 Implications for Practice
5.3 Recommendations for Future Research
5.4 Conclusion

Overall, this thesis seeks to contribute to the existing body of knowledge on corporate governance in family-owned businesses by providing a comprehensive analysis of the governance mechanisms, challenges, and opportunities that impact these organizations. By exploring the intersection of family dynamics and governance practices, this study aims to offer practical insights that can help family-owned businesses enhance their governance structures and improve their long-term sustainability and performance.

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