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Everything you need to know about governance

Governance is the set of rules and practices that guide corporate behaviour, from decision-making to future planning. Rather than focusing on the operational, day-to-day management of the business, governance revolves more around the strategic issues and the bigger picture.

Governance applies to all companies, including start-ups and those which have been around for decades.

Why is good governance important?

  • Improves performance
  • Lays out a clear vision for the future of the organisation
  • Communicates a big-picture view of the business outside of the operations
  • Ensures accountability and oversight of operations
  • Helps to manage risks
  • Finds the middle ground between making short-term gains and growing long-term wealth
What to know about governance

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