Monitoring Family Performance: Family Ownership and Corporate Governance Structure in Bangladesh

The study examined the existing practices of corporate governance (CG) as well as the relationship between family ownership and CG structure in Bangladesh. The study found that prevailing practices of CG were not in line with CG guidelines. Furthermore, the study found that family ownership had significant negative influence over board independence and board size, but a significant positive influence on dominant personality. These findings suggest that good governance is not possible under family based culture in Bangladesh. The findings of this study will contribute to the existing literature and suggest formulating a guideline that can ensure best CG practices.