ASSESSING THE STATE OF GOVERNANCE IN STARTUPS
Highlighting the prevalent issues of governance within startups, Kalpesh Jain, MD and CFO, Multiples Equity emphasized that while it’s not a systemic problem, the industry lacks a significant focus on governance processes and systems. Many startups prioritize growth over establishing robust governance practices, which leads to gaps and potential risks. He suggests that stakeholders, including shareholders and the board, should emphasize the importance of governance and implement effective processes and systems.
KEY AREAS FOR STARTUPS TO FOCUS
Commenting on this, Puneet Garkhel, Partner and Leader, Forensic Services, at PwC India added that operational resilience, governance, and financial metrics should be key areas of focus for startups. He emphasized the need for a holistic view of the business, considering valuations and factors such as…