“Corporate Governance is the system by which companies are directed and controlled” – Cadbury Committee 1992
The difference between good and bad Corporate Governance can be small but is vital to the success of a company
Good corporate governance can take many forms depending on the structure and history of the company, the nature of the industry and the characteristics of the stakeholders. However, it generally encompasses certain key features:
1. Board leadership
It is essential that the board takes the lead on strategic planning and risk mitigation. Yet without the proper processes and oversight, the board is often constrained from exercising this function.
2. Appropriate delegation
Decisions need to be made at the appropriate level in order for a company to be managed efficiently. Clear levels of delegation are key but so is the empowering of staff to embrace such delegation.
3. Adequate controls
4. Information flow
5. Alignment of stakeholders
We specialise in providing corporate governance advice and assistance to a wide range of companies, including listed companies, large private groups and charities. Repeated studies have shown that organisations with good corporate governance consistently outperform those without. Our team is committed to helping your organisation reach the highest standards of corporate governance.
Please contact us to discuss your specific requirements.
GOVERNANCE FOR SMALLER PLCS
The corporate governance regime for smaller PLCs is much more flexible than for FTSE companies and differs in many key ways. Here we look at some of the major differences.
DIRECTOR’S DUTIES
Fundamental to any corporate governance regime is the proper implementation of the director’s duties as set out in the Companies Act 2006. This forms of the basis of most governance principles.
CRITICAL MEETING?
If you need assistance with a critical board or shareholder meeting, then please take a look at our tailored meeting support.
