The governance of unlisted family businesses in the West and the Middle East.

Summary This thesis focuses on a comparative study of the governance of unlisted family businesses in the West and the Middle East. The first part is an examination of the state of the art of governance at the level of texts (Title I) by mapping governance codes and at the level of practices (Title II) by looking at the family hegemony resulting from the law of the majority and its effects. The second part covers remedies at the level of texts (Title I) through the economic and legal analysis of governance codes and the effects of the implementation of governance recommendations, and at the level of practices (Title II) through the optimization of the role of minority shareholders and the separation of ownership and control functions.