Broadly speaking, corporate governance refers to the structures and practices through which businesses manage their affairs and work to meet their strategic, legal and financial objectives. It’s sometimes assumed that only well-established, large companies need to concern themselves with this area of management. In reality though, companies of all sizes and at any stage of their development can benefit from having effective governance policies in place.
Although there’s no one-size-fits-all approach to corporate governance, there are certain basics that all businesses can benefit from considering, and here are three of the most important.
