Leave some breathing room for optimal value creation in Asian family-owned firms

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...

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Bibliographic Details
Main Author: Knowledge@SMU
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2009
Subjects:
Online Access:https://ink.library.smu.edu.sg/ksmu/61
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1060&context=ksmu
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Institution: Singapore Management University
Language: English
Description
Summary: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!