Inadequate governance is regularly cited by regulators as a factor which has contributed to the failings of firms. From small firms to international global organisations, governance is worth investing in with a view to avoiding common pitfalls and wider issues.

In this briefing note we set out some practical tips that firms may want to consider in respect of four related areas: (i) committees and the Board; (ii) management information; (iii) information and escalation routes; and (iv) policies and procedures.