The value of governance structures in private family organisations
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Authors
Van der Westhuizen, Rolandi
Issue Date
2018-04
Type
Dissertation
Language
en
Keywords
Family organisation , Family business , Corporate governance , Governance structures , Board of directors , Independent directors , Management , Ownership , Private company , Financial value , Non-financial value , Performance , Case study , Qualitative research , Socio-emotional wealth
Alternative Title
Abstract
Although 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.
Description
Citation
Van der Westhuizen, Rolandi (2018) The value of governance structures in private family organisations, University of South Africa, Pretoria, <http://hdl.handle.net/10500/23900>