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1	The value of governance structures in private family organisations Van der Westhuizen, Rolandi 04 1900 (has links) Although private family organisations are prevalent role players in both the South African and international economies, limited research has been performed with regard to them. In terms of regulatory requirements, South African private organisations are neither legally required to comply with corporate governance principles, nor are they required to make their financial data available to the general public. Lack of available data, and limited available research, have resulted in an absence of clarity with regard to whether governance structures in private family organisations add any value to these organisations. This study therefore explores, through the use of a multiple-case study, how the individual private family organisations have structured their governance mechanisms, and the reasons as to why they chose to implement these structures. Both case studies revealed that governance structures, in general, add value. The implemented governance structures may even have contributed to the increase in financial performance over time. / Management Accounting / M. Phil. (Accounting Sciences) Family organisation Family business Corporate governance Governance structures Board of directors Independent directors Management Ownership Private company Financial value Non-financial value Performance Case study Qualitative research Socio-emotional wealth 338.7630968 Family owned business enterprises Corporate governance Family corporations -- Management

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The value of governance structures in private family organisations