Governance for beginners

What role can corporate governance play in supporting the development of start-up businesses, asks Maura Quinn.

26th May, 2012
Maura Quinn, chief executive of the Institute of Directors in Ireland. Photo: Tony O'Shea

For most entrepreneurs and start-up businesses, introducing governance measures can be difficult while focusing on innovation and product development.

However, as your start-up begins to grow, it is vital to have appropriate governance structures to assist with supporting the business through the next phase of its development.

For instance, preparing a strategic plan articulating the vision, mission and values of the business is something that all start-ups should do.

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