This paper aims to analyze whether family control and good governance affect firm performance. This model is developed based on the agency view and stewardship perspective. It uses a sample of 71 manufacturing companies listed on the Indonesia Stock Exchange (IDX) for 2017-2019, resulting in 213 observations. The data is analyzed based on panel data regression and moderated regression analysis. Our findings suggest that there is a positive and significant effect of corporate governance on a company's performance. These effects are weaker when firms have a higher level of family control. It might be indicated that the selected directors are not based on competence and only on family relationships which will negatively affect the management's decision.