Why does corporate governance matter?
• Growth companies require long-term patient capital for
investment.
• It is essential that they have access to capital markets,
particularly public equity markets.
• In order to get access to public equity markets they need to
meet investor expectations with respect to corporate
governance practices.
• Once the company has improved its corporate governance
standards the company has reached a new level of
institutionalisation, which provides it with new opportunities,
not least with respect to capital market access and financial
flexibility