Every company has at least one owner, but not every company has strong governance. This is the set of rules and practices by which a business is directed and controlled. Strengthening it can help ensure productivity, reduce legal risks and ease ownership transitions. Begin by looking at your business structure. Corporations must take certain actions, but other entities can voluntarily take governance steps such as defining executive authority and formalizing compensation agreements. Please contact our firm for help with your company’s specific governance needs.