Governance Review

What is it?

It is a form of documentation that assists management, the Board of Directors, and shareholders to make optimal investment and corporate decisions.

Corporate governance assessment. A detailed assessment of the organization’s corporate governance structures and practices is essential in determining the gaps in the company.
Organizational guidelines. Stakeholders must understand the boundaries and limits of each especially regarding authority and succession. A clear and developed guideline will help ensure that there is a smooth transition of roles from one generation to another.
Organizational development. A well-developed corporate governance allows for companies, especially family-owned businesses, to manage their internal policies in a way that would help align the direction they would want it to go and help guide the succeeding generations understand the value of the business. Not only will this help in an increased corporate output but also it will help in securing a long-term competitive edge against other players in the industry.

Corporate governance design. Corporate governance should provide authority that presides over various segments in the company such as compliance, risk, legal, finance, and audit. The design and reporting structure should be clear and understandable to all stakeholders.
Family Constitution and Succession Planning. For family-owned businesses, family constitution and succession planning are key factors in the continuity of the business. Family constitution refers to the policies that govern interaction of the family and business while succession planning is the process of handing down the company to future generations.

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