Every successful organization has a framework of rules and practices by which its board of directors ensures participation, accountability, fairness, and transparency in a company's relationship with its stakeholders (financiers, customers, management, employees, government, and the community). This framework includes the mechanisms required to balance the powers of the stakeholders with their associated accountability, and their primary duty of enhancing the prosperity and viability of the organization.
Solid governance establishes credibility in any organization and sets a course based upon participation, transparency, and accountability while simultaneously supporting a strong and successful structure by considering the impact of consensus, equity, and responsiveness.
We assess existing governance to identify any gaps in policies, processes, roles, and responsibilities that may be causing operational cost increases. We work with you to make sure that your organization has in place:
- Explicit and implicit contracts between the company and the stakeholders for distribution of responsibilities, rights, and rewards.
- Procedures for reconciling the sometimes conflicting interests of stakeholders in accordance with their duties, privileges, and roles.
- Procedures for proper supervision, control, and information-flow to serve as a system of checks-and-balances.