Establishing an effective Corporate Governance framework is an important stage in a mid-sized company’s evolution. As the originating entrepreneurs have established the business’ foundations and initial customer base, the business is now rapidly growing its operations, and adding assets and employees. A forward-looking management team will identify the need to establish a sound control environment to protect the business and create competitive advantage. Chasing short-term profitability without implementing an effective Corporate Governance framework leads to a high-risk environment with poor controls and no succession plan or sustainable business objectives --- see full article at: https://issuu.com/smeadvisorme/docs/sme_advisor_issue_116/62