After setting up a business, once it has grown, it becomes necessary to establish clear rules and policies to deal with the corporate governance issues that confront companies and their leadership.  Corporate governance is the system by which a business is directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the company, such as the board of directors, managers, officers and shareholders, and establishes the rules and procedures for making decisions on corporate affairs. 

These issues include:

• Board structure and composition (internal versus independent directors)
• Duties of independent board members
• Board committee structure and composition
• Senior executive and director succession planning
• Board evaluation and self-evaluation processes
• Enterprise risk identification and risk management
• Compensation policies and planning for senior executives and directors

Corporate accountability and governance risks faced by boards of directors have increased significantly in recent years. Rule-making bodies have adopted regulations to improve transparency and to protect corporate shareholders and stakeholders. The credit crisis has produced a further increased focus on corporate governance issues globally.

We can also provide advice regarding:

• Conflict of interest and related party transactions
• Director election and other proxy contests
• Shareholder governance proposals