Family-Owned Firms

1. Understand the predominance of family-owned firms in many countries and the evolution of governance structures in these firms.
2. Critically evaluate the corporate governance benefits and problems that may arise in a family-owned firm.

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What corporate governance theory does Samsung utilize?

[@DrFooYinFah]

Like many companies in Asia and Europe, Samsung is a family-owned company. So the key issue is the difference in interest between the controlling family and the minority shareholders.