Produced in partnership with PwC Indonesia
AC Ventures, in collaboration with the global consultancy, PricewaterhouseCoopers (PwC) Indonesia, released a comprehensive playbook on corporate governance tailored for tech startups. The playbook offers actional advice on accountability, transparency, sustainability, and ethical behavior as essential pillars to ensure a company’s enduring resilience and success in an unpredictable business climate.
Central to the playbook’s guidance is the ‘Three Lines Model.’ This robust framework consists of the Front Line, dedicated to managing daily operations and imminent risks; Risk & Compliance, which lends itself to oversight and other crucial components; and the Internal Audit, responsible for independent verification.
With insights derived from PwC’s extensive research, startups are encouraged to foster collaboration between these lines within their organizations.
Such strategic structures, especially within nimble organizational setups, can be a game-changer, ensuring startups adeptly circumvent challenges that may inevitably arise.