Every time something goes wrong, it has most likely been because the watchman was asleep or away.

Hollywood movies of course mostly portray the watch man or security guard to be too inexperienced for the super hero (or thief); this is an exaggeration of course. 

In real life, a company’s watchman: The owner/manager, the board of directors, the independent financial advisor or lawyer is usually well experienced and can significantly help a company in its corporate governance.

But first, what is corporate governance?

Put simply: “It is the process by which the company’s management is being monitored by someone else.” 

Secondly, why does this stuff matter, particularly for a Small Business?

In many cases, there is a direct correlation between companies failing (failing to take off, making losses, winding up) and not implementing proper checks and balances.

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