But the pace of activity in high growth companies sometimes means the leadership team overlooks the importance of appropriate corporate governance (especially the need for an effective Board of Directors).
We believe that effective corporate governance is a key enabler of business success, so we work with companies of all sizes to ensure they have appropriate governance in place.
Challenges faced by organisations:
The absence of an effective Board may be acceptable in the early stages of the business; but external investors will want to see appropriate checks and balances in place when they invest.
However, many leaders of high growth companies do not understand how to develop an effective board and have difficulty in maintaining the discipline of separating the roles of shareholders, directors and management.
For companies that have been operating an independent board for some time, a review of board effectiveness often reveals that it is not operating as it should do… this can especially be an issue where there is domain CEO or Founder.