Good Governance: the backbone of business success

Governance isn’t just a corporate buzzword; it’s the secret sauce that separates sustainable businesses from those that struggle. In New Zealand, where small and medium-sized enterprises (SMEs) drive much of the economy, good governance can mean the difference between steady growth and a business that never quite takes off.

For many, governance might seem like an overly formal concept, after all, many great business deals have been struck over a cup of coffee/tea (or a pint) and a handshake. But in today’s fast-moving business world, structure and accountability matter just as much as relationships and intuition.

Why Good Governance is More Than a Compliance Exercise

In a land known for its ‘number 8 wire’ ingenuity, governance often takes a back seat to the hustle of getting things done. But without it, businesses can lose their way.

Here’s why it matters:

1. Clarity in Decision-Making – Strong governance ensures decisions aren’t made on a whim but are backed by clear goals and solid frameworks.

2. Risk Management – From economic downturns to cyber threats, structured governance helps businesses stay resilient.

3. Investor and Stakeholder Confidence – Whether it’s banks, partners, or customers, good governance builds trust and transparency.

Making Governance Work for Your Business

Governance doesn’t have to be complicated.

 A small business in Wellington doesn’t need the same framework as a multinational in Dublin. The key is tailoring governance structures to fit your business size and goals.  At AddsValue, I help businesses design governance that’s practical, flexible, and, most importantly, adds real value.

Get in touch today, let’s start a conversion about what’s right for your business.