Generally, individuals who are entrusted to run a business, even a small business, have a certain degree of power and control over that business. This creates ethical responsibilities and behavior that may violate or fulfill those responsibilities, such as handling business finances or paying oneself a salary. This in-turn creates a need for warranting standards of ethics and integrity.
Corporate governance is as vital to small business as it is for large corporations. Implementation of cost-effective and simple mechanisms and processes will establish structure, improve operations, contribute to business growth and ensure effective compliance with the law.
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