Assessing the Role of Board Composition and Ownership Structure in Enhancing Corporate Governance Effectiveness in Indian Family-Owned Enterprises

Abstract

This paper explores the influence of board composition and ownership structure on the effectiveness of corporate governance in Indian family-owned enterprises. The research aims to uncover the unique dynamics that these factors play in governance practices and their subsequent impact on business success. Through a qualitative analysis, including comparative studies and case studies of prominent Indian family businesses, the study delves into various governance models and assesses their effectiveness. Key findings indicate that diverse and well-structured boards, coupled with clear ownership distributions, significantly enhance governance practices, leading to better strategic decisions and increased business sustainability. The paper concludes with actionable recommendations for Indian family-owned enterprises seeking to improve their governance frameworks. This study contributes to the broader understanding of corporate governance in emerging markets, offering insights that are valuable to both academics and practitioners in the field of business management.