Examining the Corporate Governance Strategies of Indian Family-Run Companies: Insights from Selected Enterprises

Abstract

  ABSTRACT   Purpose: In light of this, the current study aims to evaluate the management practices of major family business operations in India.   Theoretical references: Cadbury (1992) defines business governance as the operational and managerial framework of an organization guided by its purpose and principles.   Methods: The research scrutinizes governance practices of major family firms on the Bombay Stock Exchange, concentrating on the top 30 contributing to the SENSEX. Governance factors include board structure, meeting frequency, market capitalization, and social responsibility initiatives.   Results: The findings provide insights into the corporate governance strategies of Indian family-run enterprises, contributing to a comprehensive understanding of their governance practices. The study underscores the need for enhanced gender diversity and sustained adherence to governance norms.   Limitations of Research: The limitations of this study include a potential lack of generalizability due to the focus on specific family-run companies in the Indian context.   Originality: This study unveils the corporate governance dynamics within Indian family businesses, showcasing their adherence to ethical practices, compliance with regulatory frameworks, and distinctive governance patterns.