...Family-controlled firms often have specific characteristics. Their strengths can include a long-term management perspective and a cautious approach to risk to avoid destroying family wealth as well as an ability to act quickly. However, family control can also raise specific corporate governance concerns in areas including adaptability, leadership transition, checks and balances and transparency. Family companies dominate India s corporate landscape. Moody s and ICRA have surveyed certain corporate governance practices of ## Indian companies in ## prominent family groups, covering a broa d cross-section of Indian industry. These companies have responded well to the opportunities available in the fast- growing and liberalizing economy of mo dern India. However, the lack of a meaningful control group of non-fami ly controlled companies means that the survey has not been able to draw conclusions on how the family controlled- business model in India compares against one based...

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