Insights and updates

June 8, 2011

Back to basics governance is your companys framework functioning as it should?

Companies dont set out to fail. However, they may fail because they lack an appropriate governance framework. A recent article in The Age1 newspaper reported that more businesses failed during 2010 than during the global financial crisis, mainly due to poor risk management and negative cash flow. While this article wont delve into the science of cash flow management, it will help you understand the crucial governance basics relevant to all companies.