Boards Are Not Just For Big Business

We tend to assume that the only reason a company has a board of directors is because it has to have one. Why would an owner want to throw away autonomy to be answerable to a governing board?

Kerryn Newton, managing director of Directors Australia, says boards have a role to play for any SME with an annual turnover beyond $20 million, or smaller businesses experiencing high growth looking for direction.

Kerryn talks through the advantages in this edition of BTalk and, if she’s sold you on the idea, gives advice on how to get a board started and an indication of how much its likely to cost.

First published on CBS News

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