Good governance is not just for big organisations

There is an interesting article by Estelle Clark (Executive Director of Policy at the Chartered Quality Institute) in this month’s IoD magazine ‘Director’. The article is about the benefits of quality governance but she makes the point that “Governance is about making sure you comply with the rules that mean you can be in business and you can articulate what you are trying to achieve, not only to your investors but also your customers, your supply chain, your staff and your community. That is as relevant to a company of five people as it is for 5,000.” I think that this is a sentiment we would generally agree with and it adds to the voice of Theresa May that governance regulation should be extended beyond the FTSE 350. The danger, of course, is that we just end up with another layer of regulatory bureaucracy for the already over-burdened SMEs.