Sound governance practices and a well chosen board can assist small to medium enterprises (SMEs) deal with two major business issues: growth and succession planning.

Directors Australia works with SMEs of all types including founder and family businesses to assist them with establishing:

  • advisory boards to advise the company in areas such as strategy and business development
  • governing boards with decision-making functions regarding strategy, company performance, risk and compliance
  • formal governance policies, meeting structures and processes.

Transitioning to a more formal governing board structure can realise many benefits for SMEs including:

  • objective and strategic advice 
  • new skill sets and experience not in the management team
  • fresh insights and an opportunity to constructively challenge the “usual way of doing business”
  • expanded networks especially if the company is moving into new areas or geographical markets
  • enhanced company reputation and standing for clients, financiers and investors.