Building Better Businesses: Significance of Corporate Governance for Start-ups & SMEs
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TIME & DATE
Wednesday 6 October 2021 | 12:00 a.m. UTC
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PROGRAMME NAME
Governance in Tech
COVID-19 is also potentially dissuading entrepreneurs from starting new and innovative businesses, and this could affect the landscape adversely. Additionally, research across the Gulf Region is limited, and MSMEs are reluctant to share information on their internal corporate governance. These concerns are further amplified as MSMEs tend to deprioritise the implementation of good corporate governance mechanisms in attempts to keep their businesses profitable.
Global research has shown that MSMEs with good corporate governance policies and frameworks demonstrate increased stability and trustworthiness. As they have the benefit of having largely built the necessary robust relationships to make them more resilient to economic shocks, they are also deemed as more bankable and as though they know the system.This session will highlight the following objectives:
- Understanding the fundamentals of corporate governance policies and procedures
- Implementing resilient Board structures for small businesses
- Embedding robust governance strategies
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