{"id":6191,"date":"2025-03-17T10:56:57","date_gmt":"2025-03-17T08:56:57","guid":{"rendered":"https:\/\/esghub.ro\/?p=6191"},"modified":"2025-05-29T13:16:34","modified_gmt":"2025-05-29T10:16:34","slug":"governance-indicators-in-the-imm-uri-vsme-standard","status":"publish","type":"post","link":"https:\/\/esghub.ro\/en\/indicatorii-de-guvernanta-in-standardul-pentru-imm-uri-vsme\/","title":{"rendered":"Governance Indicators in the SME Standard (VSME)"},"content":{"rendered":"

European small and medium-sized enterprises (SMEs) operating in a competitive economic environment face the challenge of embedding sound corporate governance principles. The Voluntary Standard for non-listed Micro-, Small-, and Medium-sized Enterprises (VSMEs) developed by EFRAG provides a reporting framework for SMEs, facilitating the improvement of their sustainability performance.<\/span><\/strong><\/p>\n

Corporate governance plays an important role in maintaining trust between SMEs and stakeholders such as investors, customers and regulators. The adoption of transparent and ethical practices helps to increase competitiveness and minimise the risks associated with corruption and legal compliance.<\/span><\/p>\n

The core module of the VSME standard includes a number of key governance indicators.<\/span><\/p>\n

Governance indicators in the VSME Core Module<\/span><\/h2>\n

General Information<\/em><\/span><\/p>\n

This section of VSME helps SMEs to establish a solid basis for reporting by providing clarity and structure on fundamental aspects of the business. The section sets the foundations for sustainability reporting in SMEs. Key issues include:<\/span><\/p>\n

    \n
  • business identification - SMEs must provide basic information about their legal structure, size and field of activity<\/span><\/li>\n
  • governance principles - SMEs are encouraged to describe decision-making mechanisms and governance structures<\/span><\/li>\n
  • accountability and transparency - reporting information on internal compliance and ethics policies is recommended.<\/span><\/li>\n<\/ul>\n

    Business Conduct Metrics<\/em><\/span><\/p>\n

    This category of indicators covers the assessment of the integrity and ethical behaviour of the enterprise. These include:<\/span><\/p>\n

      \n
    • B11 - Convictions and fines for corruption and bribery - companies should report the number of convictions and the total amount of fines received for anti-corruption offences<\/span><\/li>\n
    • measures to prevent corruption - SMEs are encouraged to describe the policies and programmes in place to prevent corruption and bribery<\/span><\/li>\n
    • transparency of business relations - reporting on the mechanisms used to ensure a fair and honest business climate.<\/span><\/li>\n<\/ul>\n

      The impact of applying governance indicators in SMEs<\/span><\/h2>\n

      Adopting these metrics helps SMEs to demonstrate a clear commitment to ethics and legal compliance, which are essential for sustainable development.<\/span><\/p>\n

      Implementing the governance metrics in VSME can bring benefits to SMEs, including:<\/span><\/p>\n

        \n
      • Improved reputation - a business that reports transparently and follows ethical principles will find it easier to gain the trust of partners and customers<\/span><\/li>\n
      • easier access to finance - investors and banks are increasingly interested in sustainability and responsible governance, which can facilitate access to capital<\/span><\/li>\n
      • reducing legal risks - adopting good practices helps SMEs avoid costly penalties and litigation.<\/span><\/li>\n<\/ul>\n

        Adopting the VSME governance indicators is the right decision for SMEs wishing to strengthen their credibility and adapt to market requirements. Whether we are talking about transparency in decision-making, prevention of corruption or clear reporting on the management structure, these practices contribute to building trust-based business relationships.<\/span><\/p>\n

         <\/p>","protected":false},"excerpt":{"rendered":"

        \u00centreprinderile mici \u0219i mijlocii (IMM-uri) europene care activeaz\u0103 \u00eentr-un mediu economic competitiv au \u00een fa\u021b\u0103 provocarea de a integra principii de guvernan\u021b\u0103 corporativ\u0103 solide. Standardul Voluntary Standard for non-listed Micro-, Small-, and Medium-sized Enterprises (VSME) dezvoltat de EFRAG ofer\u0103 un cadru de raportare pentru IMM-uri, facilit\u00e2nd \u00eembun\u0103t\u0103\u021birea performan\u021bei lor \u00een materie de sustenabilitate. Guvernan\u021ba corporativ\u0103 […]<\/p>\n","protected":false},"author":4,"featured_media":6200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[91],"tags":[132,131],"class_list":["post-6191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-standarde","tag-efrag","tag-guvernanta-in-imm-uri"],"_links":{"self":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts\/6191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/comments?post=6191"}],"version-history":[{"count":3,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts\/6191\/revisions"}],"predecessor-version":[{"id":6206,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts\/6191\/revisions\/6206"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/media\/6200"}],"wp:attachment":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/media?parent=6191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/categories?post=6191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/tags?post=6191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}