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Governance Issues For SMEs

Clarke, Thomas, of Sutton Coldfield.
Klettner, Alice
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Abstract
This paper draws on research into the corporate governance practices of small and medium enterprises (SMEs) listed on the Australian securities exchange. Interviews were conducted with the directors and/or company secretaries of 19 SME's. The aim of the research was to explore not only SME corporate governance structures and processes but how SMEs had chosen to implement the principles and the reasons for their choices. The paper addresses the issue of whether the ASX Corporate governance principles and recomandations were appropriate for SMEs. It describes the SME responses to the requirments, how these differ from those of large companies, and how these differences impact on small companies.
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Date
2010
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With permission of the license/copyright holder
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