Adoption of a corporate governance framework by small and mid-size companies in India is indispensable for taking the SME sector into a higher growth trajectory. Weak corporate GRC infrastructure of small firms, burdened further with a dearth of availability of crucial advice and counselling has made these firms vulnerable to multiple regulatory actions and penalties. The culture of good governance encompasses all corporate functions including Sales, Marketing, Finance, and HR. Hence efficient management of these functions also contributes to addressing the interest of all stakeholders including investors, lenders, vendors, and clients... Read More
GOVERNsme's GRC (Governance, Risk & Compliance) platform significantly enhances operational and business efficiency for companies. It allows management to maintain a single-minded focus on the core business activities while entrusting non-core yet integral aspects to highly qualified and experienced professionals in their respective domains. A well-managed company with a robust ethics and governance system effectively mitigates legal and regulatory risks. Stakeholders such as PE funds, Venture Funds, and lending institutions derive immense comfort knowing the level of diligence in governance, reducing the risks associated with their investments or loans to the company.
Governance, Risk and Compliance (GRC) practices are guided by the size of the firm, its structure, ownership and business priorities. For smaller sized firms that are predominantly family owned, corporate governance often may become a handicap. Also, Risk Management for SME's has become one of the most important criteria for good governance. Regulatory risks, market risks, credit risks, reputation risks are some of the risks that stare at SMEs... Read More
