Purpose

The governance of family businesses has attracted considerable scrutiny among scholars and practitioners. This paper explores influences that have defined corporate governance practices in family firms in the last century and reflects on the possible direction of research and practice in the next century.

Design/methodology/approach

This manuscript undertakes a literature review of past and recent literature investigating corporate governance practices within family businesses.

Findings

The evolution of corporate governance in the family business literature is underpinned by centralised decision-making structures, the need to overcome fundamental corporate governance challenges, the increasing relevance of family governance models and the recognition and adoption of contemporary trends in the corporate governance space. The review also suggests that corporate governance and family business research in the next century will be dominated by technology-based governance, sustainable governance, globalisation and the validation for multi-board structures, greater attention to succession planning and diversity, and channelling significant resources to innovation.

Originality/value

The paper synthesises developments in the corporate governance–family business literature and proposes a future perspective.

中文翻译：

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公司治理和家族企业：观点文章

目的

家族企业的治理引起了学者和实践者的广泛关注。本文探讨了上个世纪家族企业治理实践的影响因素，并反思了下个世纪研究和实践的可能方向。

设计/方法论/途径

本手稿对过去和最近调查家族企业内部公司治理实践的文献进行了文献综述。

发现

家族企业文献中公司治理的演变是由集中决策结构、克服公司治理基本挑战的需要、家族治理模式的相关性日益增强以及对公司治理领域当代趋势的认可和采用所支撑的。该评论还表明，下个世纪的公司治理和家族企业研究将以基于技术的治理、可持续治理、全球化和多董事会结构的验证、更加关注继任计划和多样性以及将大量资源引导到创新。

原创性/价值

本文综合了公司治理和家族企业文献的发展，并提出了未来的展望。