CORPORATE GOVERNANCE IN NEW-AGE HIGH-GROWTH COMPANIES: A FRESH PERSPECTIVE
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Abstract:
The business environment today is undergoing significant changes. Technology is rapidly evolving, disrupting industries and creating boundaryless opportunities. The set of stakeholders has expanded to include communities, the environment, and employees. These changes necessitate a fresh approach to corporate governance. Start-ups, especially those that are technology-driven and growing quickly, require a different type of governance compared to stable, slowly growing behemoths. These companies often pivot their business models multiple times a year. There is significant employee turnover, and sometimes even the founders themselves. Investors tend to be aggressive and ambitious, often unwilling to take a back seat in matters of corporate governance.
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