While corporate governance is traditionally tied to rules, processes, and laws – and rightly so; but the culture and sustainable adoption are often overlooked.
Corporate governance systems influence how the different organisational entities govern and oversee an organisation, in a manner that works well for everyone. It should be based on a structure that caters for the interests of various stakeholders, and at the same time aligns with the business interests. Ethical conduct and adhering to laws and regulations is an unnegotiable must.
Setting high standards in governance and reaching them is the responsibility of the organisation’s board of directors through adopting rules, practices, and policies for direction and control. With challenging corporate ecosystems, our expertise provides turnkey solutions for all governance matters, aiming at enhancing the business transparency while simultaneously reducing corporate conflicts. We address corporate values and culture, board of directors, committees and executive management, transparency, disclosure and accountability, policies and regulatory framework, internal monitoring and control, as well as risk and performance management.
The responsibilities of the board are many. But at the heart, the board should be setting and protecting the organisation’s strategic aims, providing the leadership to put them into effect, supervising the management, managing corporate risk, and portraying the positive image of the organization to external stakeholders.
We help in assessing the performance of the board of directors and its committees and focus on improving the efficiency of the governance operating procedures. We ensure adequate segregation of duties within all corporate transactions, and setup control points to validate compliance and minimize risks.
Designing and executing family business governance is one of our care capabilities as well. We get the complexities that family and business involvement present. We partner with our clients to separate management from ownership and transform their business’s structure to make the best possible decisions regarding the continuity of the business and assurance of accountability and control. We do so by setting the vision of the family and defining the philosophy towards the family’s relationship with the business. We ensure that the members stay informed, and are recognising and resolving family conflict to promote harmony. We guide the family leaders towards defining the rights and responsibilities of ownership and values, and how to prepare for the future.
We can also help in evaluating an organisation’s governance maturity and compliance with existing corporate governance protocols or with the governmental guidelines. We ensure corporate regulatory compliance and keep clients up to date on changes to regulations, laws, or other requirements. Our maturity governance solution involves assessing an organisation’s current governance capabilities and identifying the effectiveness of the current program. We also identify potential improvement opportunities and facilitate for properly defined and executed roles and responsibilities for boards, committees, and executives.
Insights
Director's Guide to Governance Issues
Having a comprehensive and transparent structure of governance in place is more important now than ever before, but it should not be feared. Rather it should be seen as a
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How Governance Systems can Transform your Family Business
Family business governance addresses the control mechanisms within a family business and instills official guidance depending on the level of influence the family has over the business. Direct policies and
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