Robb McLarty, Sean O'Dowd January 07, 2020 For startups and family businesses, establishing a professionalized, independent board and other aspects of corporate governance tend to be far down the priority list. Two experts explain why investing in corporate governance is critical to long-term success. For a newly minted startup scrambling for funding, staffing, and a product-market fit, best practices of corporate governance tend to be far down the priority list.