Governance issues for jointly owned or family run businesses

Many financially sound businesses cease to exist or fail to reach their full potential solely due the lack of good corporate governance. This is mismanagement to the extreme that is not recognised by the business owners. Often it is caused by lack of knowledge but generally it is caused by a lack of concern on the part of the owners until something goes horribly wrong. There are some simple techniques available to businesses which will minimise the risk of business failure and create an environment of good corporate governance.

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