Whether your business is preparing for IPO and needs to assess governance activities and structure, or you want to improve the way your business demonstrates the 'tone at the top', good governance is critical. When the board and executive demonstrate commitment, and put in place the appropriate structure, the rest will follow.
It is important to start with a high level approach to governance and process reviews, thoroughly understanding goals, responsibilities and the desired end result. Here's how we can help your business:
- Contract and vendor management: Software and AI can only go so far. The human element is still critical. We can develop and implement frameworks and processes to ensure contract risks are appropriately mitigated.
- Board structure and governance: Properly documenting minutes, decisions, and resolutions, and putting in place the correct committees to ensure appropriate oversight is a key activity for boards. Ensuring the executive remains appropriately accountable is also important. We work on both sides to help with board-level policy and structure, in addition to working with executive teams to create communication flows, reports and strategies to satisfy their boards and provide complete confidence in leadership.
- Policies and processes: Policies and processes set out the mandate, expectations and actions required of certain individuals. We draft, refine and improve your policies and processes to provide clarity, confidence, and certainty when it comes to responsibilities and outcomes.
- Internal communication: Policies and processes are only beneficial if they are being followed. We review and enhance communication mechanisms to improve workflow efficiencies and ensure policies and processes work.
- Policy ownership: If your business relies on policies and processes, it is important to ensure everything is kept up to date and current. We build and implement simple policy ownership frameworks to ensure accuracy and continued effectiveness of key policies.
By defining your objectives, acknowledging inherent and residual risks, and aligning resources effectively, you can strategise and execute initiatives in a low impact way. This requires open dialogue, thorough assessments, and alignment on the organization's trajectory.