The study looked at how family-owned companies in Malaysia perform based on their management and governance practices. The results showed that implementing good corporate governance can improve a family-owned company's performance. However, in Malaysia, family-owned companies may not always protect the rights of minority shareholders. Having independent directors in the company did not necessarily lead to better monitoring of management activities or shareholder influence. Companies with higher ownership by managers tend to perform better, but this can also lead to minority shareholders being taken advantage of.