Building a sustainable SME business through effective Corporate Governance

SMEs represent the backbone of the UK economy. In fact, many economies globally. They are positive about growth, they are planning for growth, and they're focussing on long-term business success. And when we look at some of the latest statistics coming from the Department for Business, Energy & Industrial Strategy, it is clear that SME business is strong, and isn't going anywhere, in a hurry. There were a record 5.7 million private sector businesses at the start of 2017. This is an increase of 197,000 since 2016, and 2.2 million more than in 2000. The number of employing businesses increased by [...]

2018-06-05T09:05:56+00:00 June 5th, 2018|News, SME Growth|Comments Off on Building a sustainable SME business through effective Corporate Governance

An introduction to Corporate Governance

What is Corporate Governance? “The purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the company.” - ICAEW When it comes to the system used to direct and control an organisation, there is no ‘one size fits all’ recipe. Governance models and structures are tailored individually to the organisation, based on a number of different factors that relate specifically to that business; businesses are dependent on the legal, regulatory and financial requirements within their specific environment. In most cases, there are 2 key teams responsible for effective corporate governance: the [...]

2018-02-21T13:09:49+00:00 February 21st, 2018|News|Comments Off on An introduction to Corporate Governance

Poor Corporate Governance: Why it’s the pitfall you’re not prepared for.

In a recent blog post we posted on our affiliate’s website, we spoke about the importance of sound Corporate Governance – and why you, as a business, should be reviewing yours today. In this blog post, we look at the alternatives and the pitfalls associated with bad, or a complete lack of, Corporate Governance and what that means for your business. While researching trends and insight about modern Corporate Governance, it was increasingly apparent that most businesses, and business leaders, are concerned with risks associated with bad corporate governance. That means one simple thing: You’re faced with it – and [...]

2017-12-19T11:51:02+00:00 December 26th, 2017|News|Comments Off on Poor Corporate Governance: Why it’s the pitfall you’re not prepared for.