Corporate Governance

It is undertaken by the Board of Directors and the related committees to benefit the company’s stakeholders. It involves the creation of explicit and implicit contracts between the company and its stakeholders to distribute rights, responsibilities, and rewards. It also consists of putting procedures in place to reconcile stakeholders’ conflicting interests following their duties and roles and procedures for proper supervision, control, and information-sharing. In India, the need for Corporate Governance has arisen due to increasing concerns over non-compliance with financial reporting standards and accountability by boards of directors and management of companies, leading to heavy losses for investors. 

The changing ownership structure highlights this need, increased social responsibility of corporations, increased takeovers and mergers, the need to restore public confidence, and the need to tackle mismanagement and corruption.

Additionally, the increased influence of large corporate investors and globalisation further necessitate the implementation of Corporate Governance. The importance of Corporate Governance is seen in the fact that it ensures the success and economic growth of a firm worldwide, maintains investor confidence in the financial market, lowers capital cost, helps to attract capital and perform efficiently, and encourages management to use the new policies of liberalisation and deregulation prudently. It also helps to maintain a healthy stock market by preventing insider trading and encouraging self-regulation. Lastly, strong Corporate Governance helps to minimise wastage, corruption, risks, and mismanagement, as well as build a strong brand for the company.

Corporate Governance is a system of rules, practices, and processes that aim to balance the interests of stakeholders in a company, such as shareholders, employees, suppliers, customers, and society. Governance ensures that the company is managed and directed to meet its goals and objectives, which include providing long-term benefits to stakeholders and adding value to the company. It is undertaken by the Board of Directors and the related committees to benefit the company’s stakeholders. It involves the creation of explicit and implicit contracts between the company and its stakeholders to distribute rights, responsibilities, and rewards. It also consists of putting procedures in place to reconcile stakeholders’ conflicting interests following their duties and roles and procedures for proper supervision, control, and information-sharing. 

In India, the need for Corporate Governance has arisen due to increasing concerns over non-compliance with financial reporting standards and accountability by boards of directors and management of companies, leading to heavy losses for investors. The changing ownership structure highlights this need, increased social responsibility of corporations, increased takeovers and mergers, the need to restore public confidence, and the need to tackle mismanagement and corruption. Additionally, the increased influence of large corporate investors and globalisation further necessitate the implementation of Corporate Governance. 

The importance of Corporate Governance is seen in the fact that it ensures the success and economic growth of a firm worldwide, maintains investor confidence in the financial market, lowers capital cost, helps to attract capital and perform efficiently, and encourages management to use the new policies of liberalisation and deregulation prudently. It also helps to maintain a healthy stock market by preventing insider trading and encouraging self-regulation. Lastly, robust Corporate Governance helps to minimise wastage, corruption, risks, and mismanagement, as well as build a strong brand for the company.

Corporate Governance is the system of rules, practices, and processes by which a company is directed and controlled. Good corporate Governance is essential to the success and sustainability of any business. Our firm offers various corporate governance services to help companies ensure compliance, mitigate risk and optimise performance.

Our experienced team of corporate governance experts can provide tailored solutions to meet the unique needs of your business. Our services include:

1. Board Evaluations – We can conduct independent board evaluations to assess board performance, identify areas for improvement, and develop recommendations for best practices.
2. Governance Assessments – We can comprehensively assess your company’s governance framework, including board structure, policies and procedures, risk management, and regulatory compliance.
3. Director Recruitment and Succession Planning – We can guide director recruitment and succession planning, including developing criteria for director selection and identifying potential candidates.
4. Compliance and Risk Management – We can help your company stay on top of regulatory requirements and manage risk by developing and implementing effective compliance programs and risk management frameworks.
5. Corporate Governance Training – We offer customised training programs to educate directors and senior executives on best corporate governance practices and their responsibilities as fiduciaries.
   
   Shareholder Engagement – We can help you develop and implement effective shareholder engagement strategies to foster constructive dialogue and build strong relationships with your shareholders.

Our firm is committed to helping companies of all sizes and industries achieve sound corporate governance practices. Our team deeply understands the regulatory landscape and best practices in corporate Governance, and we are dedicated to helping our clients optimise their performance and achieve their goals. Contact us today to learn more about our corporate governance services and how we can help your business succeed.