SME Governance Guidebook
Small and medium enterprises (SMEs) share distinctive challenges that require specific governance practices. This guidebook presents a tailored governance framework with structures, policies, and practices that mitigate the risks and support sustai...
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| Language: | English |
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International Finance Corporation, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/594351582262788634/SME-Governance-Guidebook http://hdl.handle.net/10986/33404 |
| Summary: | Small and medium enterprises (SMEs)
share distinctive challenges that require specific
governance practices. This guidebook presents a tailored
governance framework with structures, policies, and
practices that mitigate the risks and support sustainable
growth of business while recognizing the resource
constraints typical of SMEs. The objective of this guidebook
is to help SME entrepreneurs and their investors develop a
highly tailored governance improvement plan to support
sustainable growth of their companies. The SME governance
methodology in this guidebook represents a governance
innovation by tailoring specific recommendations to the
evolutionary stages of SME growth: stage one: start-up;
stage two: active growth; stage three: organizational
development; and stage four: business expansion. This
guidebook provides an international perspective - focusing
on characteristics that are common to small and midsize
businesses in many different countries. Guidebook is
structured as follows: chapter one, SME governance: what is
it? why is it important? explains what corporate governance
is and how it differs for SMEs. Chapter two, SME governance
framework defines the stages of growth for SMEs as well as
governance-related risks and opportunities associated with
each stage. Chapter three, key governance topics and leading
practices takes a deep dive into select governance concepts
and practices for each of the five governance topics.
Appendix, SME governance action planning tool distills the
key recommendations of the SME guidebook and presents them
in the form of worksheets to help identify high-priority
actions appropriate to your SME’s stage of growth. |
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