We suggest a collaborative research design for corporate governance research that not only integrates interaction, but also joint theory and concept building, with practice. Our proposed research design builds bridges for reflection between scholars and practitioners, while offering relevant processes and a systematic approach to theory and concept building. We call the design Practicholar, which goes further than case study and action research methodologies and offers a design that promotes interaction and facilitates collaboration. Our proposed research design enables understanding of new and complex phenomena in real-life situations and expands our knowledge of phenomena in their specific context. This innovative research design aims for the development of corporate governance research by collaborative efforts among scholars and practitioners.