Abstract
<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman;">According to Astrachan, et al.<span style="mso-spacerun: yes;">&nbsp; </span>(2003), family businesses &ldquo;generate no less than 64 percent of USA gross domestic product, and &hellip; employ a whopping 62 percent of the nation&rsquo;s work force.&rdquo; While the economic impact is evident, the state of governance may not be so apparent. In light of this information, two questions bearing examination are: (1) Is governance a critical issue for family owned businesses; (2) If so, how may these firms address these questions? Researchers at the University of Wisconsin, Oshkosh developed and administered a survey to collect data about family business boards. A companion study, with its focus on women business owners, was conducted by Meredith College researchers. This paper compares and reports the results.</span></span></p>
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