Corporate Governance in Entrepreneurial Venture: Boon or Curse

Abstract: The dismissal of Ashneer Grover at BharatPe highlights the intricate interplay between corporate governance and entrepreneurial ventures. The composition and dynamics of the boardroom play a pivotal role in shaping a startup's trajectory. Power struggles and conflicts of interest within the board can impact decision-making significantly, setting the course for the company's future. The clash between founders and investors, evident in the BharatPe case, underscores the challenge of balancing visionary goals with financial interests. Transparency and accountability are essential in maintaining agility while adhering to governance structures. This case serves as a compelling example of the need for careful governance in startups, emphasizing the importance of striking a balance between stability and innovation. While it offers valuable lessons, its focus on a single case suggests the necessity for broader research in this critical area.

Keywords: Corporate Governance, Entrepreneurial Venture, Entrepreneurship, Venture Development, Start-up