The Importance of Corporate Governance in Family-Owned Companies
The adoption of good governance practices is beneficial to listed companies, unlisted companies, and family-owned enterprises. Good governance practices strengthen companies by building relationships among investors, boards of directors, managers, and employees. Implementing corporate governance guidelines allows businesses to obtain capital at lower cost, enhance business strategy, and attract the best human capital. Corporate governances also promotes competitiveness in the marketplace and is an antidote to corruption. CIPE partnered with the Pakistan Institute of Corporate Governance (PICG) and the Institute of Chartered Accountants of Pakistan to assess sectoral needs and develop the Corporate Governance Guide for Family-Owned Enterprises.
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