Private businesses are raising their game in governance reporting
Insights from PwC’s Building Public Trust Award 2018 for Reporting in Private Business, by Suzi Woolfson, PwC Partner.
We get you want to network
It’s good to talk. Solving problems isn’t all about what you know, sometimes it’s about who we know. We are your PwC.
Neil Philpott, Private Business Midlands and connector
Neil doesn’t just work with ethnic food supplier, East End Foods, he spends time getting to know people across the company so he really understands the business.
So, he understands their ambitions and their challenges. And he gets what they really value from working with him; that he can bring the best of PwC to talk about everything from growing overseas to corporate governance to the impact of Brexit.
But it’s not just the PwC network they value. Neil connects East End Foods to other people in his local network. Whether it’s introducing another company to help find good talent, or hosting a Midlands private business forum of like-minded businesses, Neil gets them all talking. Because when it comes to solving problems, it’s not just what you know.
"We have enjoyed working with Neil and PwC for a number of years, Neil is always keen to catch up and discuss the challenges and opportunities we face and provides suggestions and introductions to help us improve our business and manage our risks"
Insights
Corporate Governance: What it means for your private business
The dictionary definition of governance is the mechanism, processes and relations by which a business is controlled and directed. In other words it is the Who, What and How of running a company. It doesn’t relate to the daily operations of the business, but to the activities of the board: how it is organised and structured, and the core values which embody the practised behaviours, processes and decisions.
Private Business exit strategies
As a private business owner at some point you will have to consider your exit strategy from the business, do you step back and transfer ownership or sell the business?
Governance showcases good practice in private business
The dictionary definition of governance is the mechanism, processes and relations by which a business is controlled and directed. In other words it is the Who, What and How of running a company. It doesn’t relate to the daily operations of the business, but to the activities of the board: how it is organised and structured, and the core values which embody the practised behaviours, processes and decisions.
Family businesses get ready for digital disruption - PwC 21st CEO Survey
UK heads of family businesses who participated in our recent CEO survey all agreed that technology is a great enabler to their business though often it can also feel overwhelming. Cyber topped the list of digital concerns for family business CEOs with 81% concerned by cyber threats. Two thirds of the family business CEOs surveyed were also concerned by the speed of technological change and just over half saw changes in core technologies of production or service provision as disruptive to their business over the next 5 years.
Private Business Awards 2018: Meet the shortlist
Recognising the success and achievement of private businesses in the UK.
PwC sponsors The Family Business Conference 2018
The all-day event is designed specifically for regional family businesses looking to learn from, and network with, successful peers in an open, safe and friendly environment
We get that you are worried about cyber security
All businesses are under attack. Today, the sheer volume and concentration of data, coupled with business being dependent on IT to run nearly all aspects of their organisation, increases the exposure to cyber attacks.
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