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Introduction

Corporate governance is a critical aspect of family business succession planning, as it sets the framework for how decisions are made, responsibilities are delegated, and accountability is enforced within the organization. The topic of corporate governance in family business succession is of particular relevance because of the unique challenges that family businesses face when transitioning ownership and leadership from one generation to the next.

The purpose of this thesis is to explore the role of corporate governance in facilitating successful family business succession. By examining the practices and mechanisms that can help to ensure a smooth transition of power and control within family businesses, this study aims to provide valuable insights for family business owners, managers, and advisors.

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 Overview of family business succession
2.2 Importance of corporate governance in family business succession
2.3 Key factors influencing successful family business succession
2.4 Best practices in corporate governance for family businesses
2.5 Governance structures and mechanisms in family businesses
2.6 Challenges and barriers to effective corporate governance in family business succession
2.7 Succession planning models and frameworks
2.8 The role of advisors and consultants in family business succession
2.9 Case studies of successful and unsuccessful family business successions
2.10 Summary of key findings in the literature review

Chapter 3: Research Methodology
3.1 Research design
3.2 Data collection methods
3.3 Sampling process
3.4 Data analysis techniques
3.5 Ethical considerations
3.6 Research limitations
3.7 Research validity and reliability
3.8 Pilot testing and validation of research instruments

Chapter 4: Discussion of Findings
4.1 Analysis of data collected
4.2 Comparison of findings with existing literature
4.3 Interpretation of results
4.4 Implications for family business owners, managers, and advisors
4.5 Recommendations for future research
4.6 Practical implications for family business succession planning
4.7 Limitations of the study
4.8 Areas for further investigation

Chapter 5: Conclusion and Summary
5.1 Summary of key findings
5.2 Conclusions drawn from the study
5.3 Contributions to the field of family business succession
5.4 Practical implications for stakeholders
5.5 Recommendations for future research
5.6 Closing remarks

Thesis Overview:

Corporate governance plays a crucial role in the successful transition of power and control within family businesses. This thesis aims to explore the significance of corporate governance in family business succession planning and provide insights into best practices and mechanisms that can help facilitate a smooth generational transfer of ownership and leadership. The literature review will examine key factors influencing successful family business succession, governance structures and mechanisms, challenges and barriers, and succession planning models. The research methodology will outline the design, data collection methods, analysis techniques, and ethical considerations. The discussion of findings will analyze the collected data and compare it with existing literature, drawing implications and recommendations for family business stakeholders. The conclusion will summarize key findings, draw conclusions, and offer recommendations for future research, highlighting the practical implications of the study for family business succession planning.

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