Read full paper at: http://www.scirp.org/journal/PaperInformation.aspx?PaperID=53295#.VLyAIcnQrzE Author(s) Alfred Sarbah , Wen Xiao Affiliation(s) School of Management & Economics, University of Electronic Science & Technology of China (UESTC), Chengdu, China . ABSTRACT Corporate governance refers to the structures and processes for the direction and control of businesses and the relationships among the management, board of directors, controlling shareholders, minority shareholders and other stakeholders. Since good corporate governance contributes to sustainable economic development by enhancing the performance of companies, it is imperative that companies adopts good corporate governance structures to enable them grow. Family businesses are an often overlooked form of business ownership in today’s world, yet they constitute a majority of the businesses. This means that families own a significant share of businesses and c...
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