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Governance overview
Governance is about the checks and balances and expert advice that keep your business on track. It includes all the practices, processes and policies that help you guide your business in the right direction.
Governance is the responsibility of every registered director — whether your business has one or many. Even if you’re not officially a director, governance is good practice for all business owners. Good governance can help you grow your business, stay ahead of risks, improve compliance, and improve trust and reputation.
Our quick self-assessment tool will help you reflect on your current governance practices. Our pages, visualisations, templates, and quiz will help you think strategically about governance.
Check out the topics available in this section. Use the links or the navigation pane to browse through the pages.
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Business debt hibernation is a new scheme for companies, trusts and other entities affected by COVID-19 to manage existing debts until they can start trading normally again. Find out if it’s a good option for your business and how to get started.
Governing your business means taking care of the ‘big picture’ — things like finances, long-term strategy, and risk management. You’re probably doing some of these things already. Use this tool to reflect on how much governance you’re already doing and where you could improve.
At the end of this assessment you’ll get:
- a better idea of what you could focus on
- practical tips and links to expert advice.
5-10 minutes
Self-assessment: Governing your business
Checks and balances
Tips and tools to help you run your business effectively
What governance is and why it’s important
Governance means working ‘on’ the business, rather than ‘in’ it. This includes all the checks and balances you put in place to ensure your business runs smoothly.
Laying the groundwork for good governance
To oversee your business well, you need to make sure a few things are in place first. Find a list of those things here
Governance: Key things to review if you do it yourself
Not all businesses have board of directors. Even if you do it yourself, governance is worth taking seriously. Here’s how.
If you’re a director of your company, you’re responsible for a wide range of things. Take this quiz to test your understanding of your duties.
As a director of your company, you have a range of legal duties. Being a good director helps your company run well, stay afloat, and keep a good reputation.
Make sure all the mentioned things are in place to help you govern your business well.
