Family Business Governance. The First observations from the Polish Family Firms.
Journal Title: Zarządzanie i Finanse - Year 2015, Vol 13, Issue 1
Abstract
The objective of this article was the assessment of the level of development of the family governance system in Polish family firms as well as of the usefulness of its established structures on a family level (family governance subsystem) and the company level (corporate governance subsystem). The assessment was made on the basis of the results received from research conducted on twenty Polish family firms in 2013. The conducted research was qualitative in character. The technique used for gathering data was the interview. Thirty–nine representatives of the older and younger generation from the exam- ined owner families took part in the research. Received data indicate that the level of progress of the process of establish- ing family business governance structures in the researched family businesses was not particularly high. Such an evaluation is supported by the use of only the simplest mechanism in the family governance subsystem-family meetings-char- acterized by a low level of development expressed in a lack of formalization. In its turn, the main element of the corporate governance subsystem-the supervisory board-was present in only six of the 20 examined family companies. In assessing the usefulness of family business governance structures devel- oped up to now, the current experience of the examined representatives of the older and younger generations have confirmed the positive input of family meet- ings, however the usefulness of supervisory boards was assessed as low.
Authors and Affiliations
Izabela Koładkiewicz
Keywords
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