A flavour for sound governance

Raise governance with busy aspirational business leaders and they will likely roll their eyes and look towards the heavens. 

But good governance isn’t just for corporates. It’s about running things right—fair, clear, and accountable regardless of the size or age of your business. 

Here’s what matters:

1. Know Your Purpose

Why does your organisation exist? Governance starts with a clear mission and smart strategy. Keep it focused, future-proof, and grounded in reality.

2. Build a Sharp Board

Mix it up. Skills, backgrounds, perspectives—diverse boards make better calls. Independence matters too. Avoid echo chambers.

Many SME’s in NZ start with an Advisory Board but their purposes and accountabilities are quite different .

3. Be Transparent

No smoke and mirrors. Keep your stakeholders in the loop—honest reporting, real risks, no spin. Trust grows from openness.

4. Own the Risks

Don’t wait for trouble. Understand your legal, financial, and reputational risks. Solid systems and regular reviews keep you ahead.

5. Lead by Example

Culture starts at the top. If the board cuts corners, expect others to follow. Act with integrity, back your values, and walk the talk—every time.

A Final Word

Governance isn’t a checklist—it’s how you steer the ship. Get the basics right, stay alert, and keep it human. That’s how you build trust, make better decisions, and stay on course.