Enterprise
SMEs also need corporate governance
Najihah S | 01 Sep 2017 00:30
Aiolfi says good anti-corruption policies will help to improve SMEs’ reputation and corporate image

The perception that corporate governance is only for public listed companies is a thing of the past. Other than them, small and medium enterprises (SMEs) also need good corporate governance practices to grow their businesses and attract talent.

The Basel Institute Switzerland’s head of compliance Gemma Aiolfi says good anti-corruption policies will help to improve SMEs’ reputation and corporate image.

This, in turn, is advantageous as SMEs can potentially attract the attention of global and multi-national companies. Moreover, those with good corporate governance policies can attract better talent and retain them.

Unfortunately, lack of awareness and training is part of the reason for SMEs to lag behind public listed companies in terms of good corporate governance practices.



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