Many SMEs will benefit greatly from the governance of a board, if it is scaled to match the needs and budget of the particular business.
It's a short sentence but there is lot to unpick in that statement.
So let me back up a little and share a few ideas about what governance is, what is a board's role and what ‘scaled’ means in the SME context.
GOVERNANCE
You can find many definitions of governance and few good discussions on what should, or should not, be included in the concept. There are also a lot of misconceptions that boards are just for the ‘big operators', risk averse, compliance heavy and
