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TitleThe value of governance structures in private family organisations
AuthorVan der Westhuizen, Rolandi
SubjectFamily organisation
SubjectFamily business
SubjectCorporate governance
SubjectGovernance structures
SubjectBoard of directores
SubjectIndependent directors
SubjectPrivate company
SubjectFinancial value
SubjectNon-financial value
SubjectCase study
SubjectQualitative research
SubjectSocio-emotional wealth
SubjectFamily owned business enterprises
SubjectCorporate governance
SubjectFamily corporations -- Management
Format1 online resource (x, 248 leaves)
AbstractAlthough private family organisations are prevalent role players in both the South African and international economies, limited research has been performed with regard to them. In terms of regulatory requirements, South African private organisations are neither legally required to comply with corporate governance principles, nor are they required to make their financial data available to the general public. Lack of available data, and limited available research, have resulted in an absence of clarity with regard to whether governance structures in private family organisations add any value to these organisations. This study therefore explores, through the use of a multiple-case study, how the individual private family organisations have structured their governance mechanisms, and the reasons as to why they chose to implement these structures. Both case studies revealed that governance structures, in general, add value. The implemented governance structures may even have contributed to the increase in financial performance over time.
AbstractManagement Accounting
AbstractM. Phil. (Accounting Sciences)
IdentifierVan der Westhuizen, Rolandi (2018) The value of governance structures in private family organisations, University of South Africa, Pretoria,