This charter outlines voluntary recommendations for corporate governance tailored to start-ups, considering the various stages of a start-up's lifecycle. Its purpose is to assist start-ups in fostering trust among stakeholders and investors.
According to the charter, start-ups are expected to embrace a sense of custodianship and fiduciary responsibility akin to that of a listed company as soon as non-founder equity is injected. Additionally, the charter mandates the identification and formulation of the entity's vision, mission, code of conduct, ethics, values, and culture by start-up companies.