Family business continuity plans commonly establish a governance structure for the family and for the family business. The purpose of those structures is to improve strategy and control mechanisms of the family business and, to organize the communication and relationship between family owners and business executives. This research focuses on assessing the impact of those structures on family business performance. Specifically, the study assesses the impact a professional board of directors has on a company's performance. The research team selected a set of 22 family businesses. Some of these families have undergone a process of developing a family protocol over the last seven years. The authors captured the relevant information for this research by sending out a survey to each family member and to each non-family director or executive.

Additional Metadata
Keywords Corporate Governance, Professional Board of Directors, Family Businesses
Persistent URL dx.doi.org/10.1016/j.jbusres.2009.11.013
Series INCAE Top Articles
Journal Journal of Business Research
Citation
Brenes, E, Madrigal, K., & Requena, B. (2011). Corporate Governance and Family Business Performance. Journal of Business Research, 64(3), 280–285. doi:10.1016/j.jbusres.2009.11.013