Corporate Governance
Corporate governance is the system of rules, practices and processes by which a company is directed and controlled. The main pillars of Corporate Governance are Accountability, Fairness, Transparency and Independence. Corporate Governance is important to a company in order to be geared up for the following challenges:
- Improved company performance – If management is about running the business, corporate governance is about seeing that it is run properly
- Better access to external finance – Better governance earns better credit ratings for the company
- Lower costs of capital – Better credit ratings result into lower interest rates on borrowings
- Information and Communication – Reduced risks of corporate crisis and other risks associated to the business
- Higher firm valuation – Overall good corporate governance will benefit the company in growing its firm valuation to optimum
At Helios, we review the existing governance models of private/ public companies and help them in their constant need of fine-tuning and enhancement. We help companies address the top three governance challenges faced by the Directors including improving risk management oversight, assessing innovation and emerging competition, and confirming/ establishing company strategy. Other key governance challenges for private companies include achieving regulatory compliance, leadership succession planning and global compliance.
Under this offering, our focus areas are:
- Control environment
- Strong Internal financial control procedures
- Strong Internal Audit function
- Risk management framework
- Management information systems established
- Development and implementation of risk management policy
- Disaster recovery systems/ business continuity procedures in place
- Transparent disclosures and regulatory compliance
- Financials prepared according to the relevant accounting standards/ guidelines
- Non-financial information disclosures
- Corporate filings up to date
- Formulate and implement a corporate social responsibility policy to the board
- Board structure, oversight and responsibility
- Clearly defined roles and authorities
- Board is well structured
- Appropriate composition and mix of skills
- Performance evaluation of board members
- Develop growth and expansion policies
- Well defined shareholders rights