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1. There is plenty of downtime when things are quiet (a benefit). Of course, when it’s busy, it’s really busy too. However, the busy periods are generally predictable, so you can plan your time well (for example, taking leave to travel abroad).
2. They have tried bringing in people from outside to improve corporate governance (as for the results...).
Although I can think of quite a few drawbacks, there is really only one I want to mention. I think the other drawbacks are not actually major problems (at least that has been my experience).
There is far too much scheming and infighting. I feel that the entire company is very fond of engaging in conflicts and stirring things up. As for the work itself, I think you can get used to it, but the infighting among these long-serving employees is truly disgusting. It was so unpleasant that I didn’t even want to stay.
As for the company’s compensation and benefits... well, after I later moved to a listed company, I thought... if you have the ability, you should still go to a large company! But I don’t think this is really a problem with this particular company. It is a problem with the industry.