Corporate governance practices vary significantly among public companies. This reflects many factors, including:
..Differences in their stage of development, including the relative importance placed on various business objectives (for example, a focus on growth and scaling operations may be given more importance);
..Differences in the investor base for different types of companies;
..Differences in expectations of board members and advisors to companies and their boards, which can vary by a company’s size, age, stage of development, geography, industry, and other factors; and
..The reality that corporate governance practices that are appropriate for large, established public companies can be meaningfully different from those for newer, smaller companies.
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