Do founder-led businesses always need governance, as many consultants, advisors, and governance professionals assert? ​
My response is straightforward: It depends.
If, for example, the founder owns all the shares of the company, and is the only director, and runs the business day-to-day, then probably not. But, if the founder wants to grow the company further, and/or they do not want to make all the decisions themselves, and/or they lack some expertise to make good decisions, then it can make sense to gather some people around, appoint them as directors, and get the basics (of corporate governance) underway.
I made the comments recently, during a wide-ranging conversation with Charlie Meaden, CEO of eccuity. If you would like to know where our 35-minute conversation went, grab a coffee and listen in.
And, if you have any questions or feedback (critical or otherwise), do get in touch. I would be glad to hear from you.