This business insider article has an excellent series of questions for a board or governance expert within a business. (It's at the end, see link). The challenge for most New Zealand financial services businesses (meaning financial advice businesses, where business size is typically under $1m per annum and the number of people is less than five) businesses is that small scale makes investment in governance difficult to prioritise. How to achieve the right balance while meeting expectations for conduct is not 'just' a current issue, given regulator focus on conduct. It is required in order to confidently grow, because good governance is also the main tool to effective management of a business where you do not personally have all the control levers within your grasp. Leaders that want to grow need the same tools as leaders that want to comply.