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Smaller companies should be interested in corporate governance as it establishes a framework of processes and attitudes that enhance value and ensure long-term sustainability. It involves having the right people in appropriate roles working collaboratively to deliver medium to long-term value. Good corporate governance improves performance, creates shareholder value, and mitigates risks associated with achieving sustainable growth. In the UK, the requirement for companies to adopt a formal corporate governance code has evolved; as of January 2019, it now includes large private companies, not just those with a premium listing on the London Stock Exchange.