Governance is not only for large corporations: it is how a company decides, controls and reports.
Corporate governance describes how decisions are made in a company, who oversees them and how they are documented.
In mid-sized companies it is often concentrated in a few people, which enables agility but increases risk when clear rules are missing.
A practical first step is to identify decision-making bodies, update minutes and assign an owner to each relevant obligation.
Suppliers, customers, partners and staff: periodic review prevents costly disputes.
Vetting customers and suppliers is now a common requirement from banks and partners.
A clear calendar reduces the risk of omissions and penalties for formal non-compliance.
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