"Government" Posts
Does Governance Matter?
By Nov 10, 2011
The headlines, seminars and business school classrooms are all abuzz about the need for stricter and tighter corporate governance.
However, their focus is aimed at public companies, the big corporations, financial institutions, Wall Street, etc. What is not discussed is small business. Does corporate governance have a place in a small, privately held company?
President James Madison pointed out very clearly that governance is a difficult problem when he wrote the following as part of the Federalist Papers in 1788.
“If men were angels, no government would be necessary. If angels were to govern men, neither external nor internal …