Privately-owned companies are the most significant drivers of the Canadian economy, contributing up to 67% to GDP. Yet most insights on effective corporate governance derives from research conducted on large public issuers with copious disclosure.
In collaboration with the David & Sharon Johnston Centre for Corporate Governance Innovation at the Rotman School of Management, KPMG sought to address this gap by going directly to the source and asking private company owners, directors and managers: what drives successful decision-making in your company? We conducted interviews with private companies across Canada to capture their insights, anxieties, and strategies around decision making, governance and more.
Governance models are as diverse as companies.
So what does 'good governance' look like for private companies? Our conversations suggest that it depends. Private companies are forging their own paths and there is no 'one-size-fits-all' approach that works best – the most effective governance approach depends on the needs of the owners and the company.
Download the full report to take a deep dive into the different perspectives and approaches to effective governance and decision making of the companies we interviewed. If you would like to talk to our professionals about the findings raised in the report, we welcome the opportunity to discuss how your business can gain from these insights.
When you are ready to get started, so are we.
Let's do this.