Background Note | HBS Case Collection | October 2010

Family Corporate Governance: A Brief Literature Review

by Lena G. Goldberg and David Kiron


This note discusses competing theories of governance in family owned firms and focuses on agency theory, stewardship theory, and the sociological concept of embeddedness.

Keywords: Family Business; Corporate Governance; Governing and Advisory Boards; Managerial Roles; Family Ownership; Theory;


Goldberg, Lena G., and David Kiron. "Family Corporate Governance: A Brief Literature Review." Harvard Business School Background Note 311-055, October 2010.