The European Venture Capital Association has just come out with their guidelines for corporate governance in the management of privately-held companies. It may, however, not be worth your time to read it. The document seems to be more of a cut and paste of guidelines issued for large public companies, with much verbage on risk assessment procedures and hiring specialist help for regular cost benefit analysis. Given the risky nature of much of private equity and in particular venture capital investing, there usually isn't time, nor money, nor staff to analyze and produce reports on risk assessment. In capital-raising the risks are typically spelled out and those in the PE industry are usually aware of the huge range of risks they face.
More interesting is EVCA's older research much of which is free to download.
