Even though the practice of corporate governance has become quite popular and prevalent in many companies but the understanding about the role and responsibilities of the boardroom executives and the subject itself still perplex many companies. Adoption of the good corporate governance practice remains a challenge for most startups and middle-market private companies. Not only it has not been as effective as it should be but some of the recent incidents in large corporations show that even the large companies may fail to abide by the fundamental principles of corporate governance.
Being a board member requires active leadership and sense of personal accountability. Strong board leadership is crucial for making a positive difference. Our corporate governance and board advisory practice focuses on making our clients’ boards better and ensuring a lasting impact even in our absence.
The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation, such as, the board, managers, shareholders and spells out the rules and procedures for making decisions on corporate affairs. It also provides the structure through which the company objectives are set, and the means of attaining those objectives and monitoring performance. Corporate governance ensures the application of best management practices, compliance of law in true letter and spirit, adherence to ethical standards for effective management, distribution of wealth and discharge of social Responsibility for sustainable development of all stakeholders.
Many of our senior team members either have been serving or have served previously on the boards of various large to middle-market companies. Many companies call on our senior team members to seek their advise and help with their critical corporate matters and pressing issues.
Our corporate governance & board services can help you navigate through some of the most pressing challenges your company faces including:
- Structure, duties & liabilities of the independent directors
- Board & committee structure, composition & charter
- Executive & director compensation
- Say-on-Pay (managing ISS/Glass Lewis)
- Succession planning
- Fairness
- Transparency
- Accountability
- Conflict of interest & related party transactions
- Oversight issues
- Ethical violations
- DE&I challenges & ESG management
- Risk management
- D&O insurance accessibility
- Overall board effectiveness
- Preparedness to deal with investors activism, proxy fights, IPOs, M&A, tender offers, spin-offs, hostile takeovers, poison pill adoption and bankruptcy strategies
Contact us to learn more about our corporate governance and board advisory services.