Establishment of Governance Framework

Governance & Exit Planning

A clear governance framework is essential to a smooth and successful business exit. It provides structure, accountability, and continuity — both during the exit process and after ownership changes.

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Good governance ensures the business continues to operate effectively, protects value, and gives buyers or successors confidence.

 

Key elements of a strong governance framework include:

• Clear roles and responsibilities for owners, managers, and key stakeholders

• Defined decision-making processes and authority

• Documented policies and procedures covering financial and operational matters

• Effective communication channels across the business

• A plan for ongoing governance once the current owners step away

 

When governance is well established, transitions are smoother, risk is reduced, and long-term value is protected.