Talking with similar sized businesses that are operating in different areas and envisaging how you want your own company to look in five years time.
These are two pieces of advice Tax Management NZ (TMNZ) founder director Ian Kuperus has for small businesses who are considering implementing governance.
“Envisage how you want the business and your role in the business to look in five years time and start from the top down with a governance structure that will support that future vision,” he told the New Zealand Herald.
“Talk with other businesses that are of a similar size but which are operating in different areas to see what works so you can get the best you can find.”
Ian also recommends starting first with an advisory board for a short term.
Businesses should not be afraid to evaluate and change the composition of that advisory board at the end of the term either, he says.
Ian spoke about a range of other governance-related topics during his interview with the New Zealand Herald, including:
• The role TMNZ’s governance structure plays in the business.
• How TMNZ’s governance has developed in the last 11 years.
• How having a governance structure has benefited the company.
• The challenges he faced along the way with the implementation of TMNZ’s governance model.
To read Ian’s full interview with the New Zealand Herald, click here.