Effective corporate governance is a key factor ensuring long-term success. Every organisation reaches a stage in its development when management processes must be formalised to facilitate efficient collaboration between shareholders/participants and beneficiaries, on the one hand, and the board of directors, senior management and employees, on the other. A comprehensive corporate governance structure provides for coordinated decision-making by all stakeholders, which is essential for successful operation and growth of the company.
Businesses often face additional challenges stemming from internal family conflicts. In such cases, a well-established corporate governance structure plays a crucial role in protecting the business during dispute resolution. Implementing standardised methods for managing the enterprise, while taking family interests into account, helps establish effective business processes.