Corporate Governance
Corporate governance is a term that refers broadly to the rules, processes, or laws by which businesses are operated, regulated and controlled. The term can refer to internal factors defined by the officers, shareholders or constitution of a corporation as well as to external forces such as clients, industry participants, regulators, special interest groups, media and the wider community within which the firm operates.
A good corporate governance framework must promote fairness, transparency, accountability and efficiency whilst at the same time aligning the interest of those in control with the interest of those who have a stake in the company by ensuring that the enterprise adheres to accepted ethical standards and best practices as well as to laws and regulations. It is an important tool for monitoring the activities of the organization as well as measuring the progress of the organization in achieving its strategic objectives.
Corporate governance systems usually include strategic planning, human resource management and succession planning as well as improving transparency and accounting and financial management systems.
Entities that are well run, with good corporate governance structures, prosper. This in turn attracts investors whose support can finance faster growth. Poor corporate governance weakens a company’s potential and, at worst, can pave the way for financial difficulties and even fraud.
Corporate Governance Services include:
I. Assisting with the Development and Implementation of good Corporate Governance Structures.
AMCS reviews the entity, it’s: industry, structure, business processes, activities and regulatory requirements to assist entities seeking to develop good Corporate Governance frameworks and assists with the implementation of the framework.
Clients are presented with:
✔ 1. Introduction to Corporate Governance
⇢ Corporate Governance
⇢ The business case for corporate governance
⇢ Disclosure and transparency
⇢ Shareowners and Stakeholders
✔ 2. The Board
⇢ The role of the board, directors’ duties and liabilities
⇢ The effective board: composition and structure
⇢ Board practices
⇢ Board procedures
✔ 3. Strategic leadership
⇢ The governance of strategy
⇢ Evaluating strategy delivery and executive directors’ performance
⇢ The governance of risk
⇢ Corporate responsibility
✔ 4. Human Resource Management
⇢ Role of Human Resource Management (HRM)
⇢ Assessing the effectiveness of HRM: recruitment, staff development, employee productivity
⇢ Evaluating firm and departmental operational performance
⇢ Long term succession planning
✔ 5. Financial Accounting and Management
⇢ Financial Oversight
⇢ Reporting
⇢ Corporate Finance
⇢ The control environment
✔ 6. Leading, Planning, Improvement
Contact AMCS for Development and Implementation Corporate Governance Services.
II. Reviews of existing Corporate Governance structures
AMCS considers the entity, it’s: industry, structure, business processes, systems, activities, regulatory requirements, current performance, challenges and matters identified, if any, when reviewing existing Corporate Governance structures to suggest changes to be made and assists with the implementation of the framework
III. Independent monitoring of Corporate Governance structures
AMCS independently monitors Corporate Governance structures. This is important to ensure the effectiveness and efficiency of the entity’s Corporate Governance structure. Effective and efficient Corporate Governance structures enhance the performance of the entity and reduces the risk of loss due to Fraud and poorly managed enterprise risks. AMCS communicates matters identified and suggests improvements. AMCS also issues updates on developments in Corporate Governance
Corporate Finance and Treasury Management: |
Management Reporting |