Good corporate governance should provide proper incentives for the board and management to pursue objectives that are in the interests of the company and its shareholders and should facilitate effective monitoring. The Corporate Governance principles’ purpose is to facilitate effective, entrepreneurial, and prudent management that can deliver the long-term success of the company.
To achieve this, our firm offers the following services;
This would involve an audit on compliance in an organization. It is an important element of corporate governance that helps to detect non-compliance and take corrective measures such as filing the necessary returns, organization of books, and maintenance of accounts, records, etc…
Corporate Governance audits
The Board should ensure that a governance audit of the organization is undertaken on an
annual basis. The purpose of the governance audit is to ensure that the organization
conforms to the highest standards of good governance. The governance audit should cover
the following parameters among others:
(a) Leadership and strategic management;
(b) Transparency and disclosure;
(c) Compliance with Laws and Regulations;
(d) Communication with stakeholders;
(e) Board independence and governance
In terms of the design and coverage of the evaluation, there are at least nine areas that are required to be addressed. These touch on Shareholders and other Stakeholder-interests, the Company itself, legal and ethical issues, the Chief Executive Officer, Board meetings and individual member contributions, the general direction of the Company as well as any other business considered pertinent to the Board’s ability to discharge its mandate.
Corporate Governance Training
Board members highly benefit from board training and ensure that everyone is on the same page. It leads to efficient meetings and decisions. In a Board Training, we cover statutory responsibilities of directors, the role of directors, board charters, board meetings among other things.
Compliance with corporate governance codes and principles
The Board shall exercise leadership, enterprise, integrity, and sagacious judgment in directing the Company and will always act in the best interest of the Company so as to achieve continuing prosperity. The Board is responsible for considering the legitimate interests and expectations of its Stakeholders in its deliberations, decisions, and actions.
The Board is responsible for ensuring that Senior Management and the subsidiaries actively cultivate a culture of ethical conduct and ensuring that integrity permeates all aspects of the Company’s operations. The Board shall align its conduct and the conduct of Senior Management with the values that drive the Company’s business and ensure that these values are adhered to in all aspects of its business.
The Board shall ensure that the Company’s ethical standards as stated in this Code are integrated into all the Company’s strategies, policies, and operations.
Developing corporate governance reports
This would involve the preparation of reports on the corporate governance compliance measures that a company has in place within the period of the report. The report would include corporate governance steps taken, steps to be implemented, and recommendations
Development of a comprehensive compliance program
A compliance program needs to be set up in the form of policies that an organization can have in place to ensure compliance with laws, rules, and regulations. This program would involve the necessary procedures such as weekly reports, due diligence, monthly reviews, status reports among others.
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Note the category for this service is Corporate Governance Services.