I would like to know your view on what influences the owners perception on corporate Governance has on the overall Governance structure of a family owned business. Thanks.
This is a very interesting question. Governance perception depends primarily on the legislation and culture. Legislation defines the requirements for governance and culture helps in interpretation and implementation, in concordance with traditions and the vision of the business.
Fassin, Y., Van Rossem, A., & Buelens, M. (2011). Small-business owner-managers’ perceptions of business ethics and CSR-related concepts. Journal of Business ethics, 98(3), 425-453.