Eficacia del gobierno corporativo en el traspaso generacional de empresas familiares en Ecuador

Abstract

This academic article provides a critical study of generational transfer in family businesses and its sustainability over time, focusing on the importance of good corporate governance. There are legal instruments that regulate the concept of good corporate governance, but their application in family businesses is quite questionable. For the development of the article, a study was carried out on the definitions of family business, corporate governance, referring to business management, what are the difficulties in generational transfer, highlighting that good corporate governance is effective in the generational transition of family businesses, providing a sustainable result over time. The growth and development of family businesses not only requires an organized structure, but also reacts to the generational transition, therefore, it is necessary to carry out an investigation based on the needs that family businesses have in generational succession that do not exist due to the absence of adequate mechanisms or instruments for their transfer. The research methodology used is based on descriptive documentary research, inserted in a study of books and legal regulations, taking as an analysis the current critical situation of the country. Based on the analysis of the topic, it was concluded that the businesses that exist in Ecuador are of a family nature, which threatens their sustainability over time. Likewise, it is concluded that in the legal system of Ecuador there is a lack of legal norms, by virtue of Based on the aforementioned background, it is recommended to operationally apply corporate governance in family businesses.