A solid corporate governance framework in agribusinesses helps with productivity, technology, regulations, product traceability, and other key elements. Well-delineated roles for family members and a qualified board help cultivate long-term strategies in the sector.
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As in romance, a company and its corporate governance structure can be a match made in heaven. Together they can ensure greater competitiveness, transparency and access to international financial markets. Consequently this attracts more investors to the country. And while the “perfect marriage” does not exist, when it comes to family business, corporate governance fosters harmony. If handled poorly, it can put the relationship on the rocks, making it problematic, uncomfortable, and at risk of corporate failure.
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