AC Ventures and PwC Indonesia have released a comprehensive corporate governance playbook designed for tech startups, rooted in the Indonesian General Guidelines for Corporate Governance. The guide emphasizes the vital role of accountability, transparency, sustainability, and ethical behavior as foundational principles for ensuring long-term resilience and success.
AC Ventures and PwC’s playbook
With today’s investor landscape increasingly focusing on environmental, social, and governance (ESG) metrics, the playbook introduces the ‘Three Lines Model’ framework, encourages collaboration among different organizational lines, and highlights the roles of Boards of Directors and Boards of Commissioners.
It also emphasizes the need for startups to innovate their board and management approaches to adapt to ever-changing business methodologies. Additionally, the playbook offers strategic financial advice and insights into financial reporting precision, especially in the context of ESG principles and transparency.
You can download the full playbook here.