ABSTRACT
Immigrant family businesses possess many features that make their governance a difficult task because the family business typically depicts a complex, long-standing stakeholder structure that involves family members, top management, and a board of directors. The stakeholders of the governance structure for the immigrant family in order of importance are the family, the founder, the successors, and the advisors. Governance structures can monitor both the family and a business system to ensure that they adequately address all the issues associated with entrepreneurial leadership and ownership of a family business. One of the most formidable obstacles to the stability, growth, and success of a family business is the issue of good governance. Sustainability has been an enduring problem for businesses of all shapes and sizes across the entrepreneurial landscape. The ability of the immigrant family business to practice the good governance required for delivering competitive advantage and profitability is the core element for its long-term sustainability.
