Publication indicates priorities and main steps for entrepreneurs to improve management and increase the chances of business success
The Brazilian Institute of Corporate Governance (IBGC) has developed a guide to support startups and scale-ups - fast-growing companies with a non-traditional organizational structure - in adopting governance and management practices that contribute to sustainability and the success of the business.
The document Corporate Governance for Startups & Scale-Ups addresses the four stages of maturation of a startup (ideation, validation, traction and scale) and suggests the priorities and steps to be taken in the field of corporate governance. The objective is to encourage the adoption of best practices from the creation of the company, until the moment when it gains scale and stops being a startup, becoming a scale-up.
In addition to good ideas, startups, like other companies, need their founders to have aligned expectations, discuss the financial capacity and bearable loss for each partner, define how each partner will contribute to society, provide for the protection of the generated intellectual property and business secrets and create a founders agreement, among other measures that guarantee the longevity of companies.
For IBGC's Vocal and Influence superintendent, Valeria Café, the adoption of good governance practices can represent the differential to reduce the risk of failure, since the mortality rate of startups is high. “Corporate governance can make a difference for healthy evolution and value creation for high growth companies. The practices contained in the publication are accessible and must be implemented according to the stage of maturity of the business ”, he points out.
For Max Carlomagno, consultant in the areas of strategy, innovation and growth, and coordinator of the publication, the material contributes so that corporate governance is taken into account from the first moment, from the creation of the startup, until its transformation into a reference for the market and for society. “Corporate governance leverages the generation of value for the company, helping it to go further, faster and with less risk”, he adds.
The online version of the publication is free and available on the Knowledge Portal, a platform developed by the IBGC with the aim of expanding the dissemination of knowledge about corporate governance.
Link: https://conhecimento.ibgc.org.br/Paginas/Publicacao.aspx?PubId=24050
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