Corporate Governance for Small-to-medium Enterprises

Summary – Corporate governance for SMEs

Many SMEs consider that corporate governance is only relevant to large companies. However, good governance presents major advantages for all companies, especially when raising capital or selling the business.

All companies benefit from good corporate governance

The majority of companies in Australia are small-to-medium enterprises which often view corporate governance with scepticism. Good governance in this context is not primarily concerned with compliance with formal rules and regulations. Rather it is about establishing a framework of company processes and attitudes that add value to the business, help build its reputation and ensure its long-term continuity and success.