Startup & family business governance

Boards must rely on and act upon early warning signals of behavioural aberrations beyond the boundaries of business sanity and neeyat

Some people hold a view that ideas on neeyat and governance are relevant only for well-established and listed companies. While the subject is relevant for them, governance is relevant also in startups and family-managed businesses. A metaphor might help to make the point succinctly — just as values and ethics must be addressed early on within families and schools, governance and business neeyat must be addressed early in startups and family businesses.

Enterprise is essential for national growth. Family businesses and small companies are the backbone of enterprise; sometimes I wonder whether they themselves realise how important they are. There