Assume you are a corporate governance professional working for a venture capital fund. The venture capital fund requires you to advise the fund on the best way to transition the corporate governance practices of a small to medium sized enterprise (SME) to a company ready for initial public offering (IPO) and listing on the stock exchange. You are required to prepare a report to be submitted to the management committee of the venture capital fund identifying the best corporate governance practices to be introduced into all entrepreneurial growth SME companies into which the venture capital fund will invest.