Proceedings of 10th Global Business and Social Science Research Conference 23 -24 June 2014, Radisson Blu Hotel, Beijing, China, ISBN: 978-1-922069-55-9 The Impact of Separation of Ownership from Management on Corporate Performance in Family Businesses Operating in Governorate of Dhofar, Sultanate of Oman Tarig Atiya and Mr. Khalid Al Mashani This study aimed to investigate the extent to which ownership is separated from management of family businesses in the governorate of Dhofar, Sultanate of Oman. The study then examined the impact of such separation on the performance of these family businesses. The separation of ownership was investigated over various functions of the management. The dimensions of the performance have been determined form the relevant literature. The paper used a descriptive survey method on a sample of 36 respondents from the family owned businesses through a questionnaire designed for the purpose. The paper used descriptive statistics including frequencies, percentages, mean and standard deviation in addition to Pearson test for correlation and regression analysis. The study revealed the existence of positive correlation between the independent variable (separation of ownership from management) and the different dimensions of the dependent variable (corporate performance) The study also showed that the independent variable (separation of ownership from management) has an impact of statistical significance on the different dimensions of the dependent variable (corporate performance) Finally, the concluded that there were no statistically significant differences among the responses due to some personal or job related variables. Keywords: Family businesses, Ownership, Corporate performance, Customer satisfaction, Employee satisfaction.