In general, family businesses have greater difficulties in implementing strong corporate governance due to conflicts of interest among family members, lack of hierarchy and privilege. However, this does not mean that it is impossible to have governance in family businesses.
With RTW's curator of CORPORATE GOVERNANCE, Thomas Lanz, we are available to talk about the topic. If you are interested in doing a self-assessment on the topic in preparation for a conversation, follow the link: https://www.rethinkingworks.com/assessment-corporate-governance-introduction