Recent examples of corporate failure, both locally and abroad, have brought into sharp focus the importance of adherence to standards of good governance. Globalisation brings with it the requirement for alignment of governance practice, in respect of transparency, accountability and an ethical, integrated and stakeholder-inclusive approach to economic, social and environmental stewardship.
Governance is essentially the means of ensuring due and adequate control over the strategy and direction of an organisation and the stewardship, use and disposition of its assets – both financial and non-financial – in achieving this primary goal of value creation. It embodies not only compliance with applicable laws and regulations, but also the values, ethics and culture that drive organisational policy and shape the way it conducts its activities in support of its strategy to achieve its goals. It is a function of leadership and direction of and within the organisation; appropriate risk management and control over its activities; and the manner in which meaningful disclosure relating to its activities is made to shareowners and other stakeholders.
PricewaterhouseCoopers provides an extensive range of services to support the development
and strengthening of efficient and effective organisational governance frameworks, suited to their specific mission, values and goals, including the following services:
Assessments and/or benchmarking of governance structure and process and provision of recommendations for improvements where deficiencies or inefficiencies are identified.
- Structuring the interaction between the board, its committees and executive management.
- Development of board charters and committee terms of reference.
- Director profiling and appointment.
- Company secretarial services.
- Director evaluation and reward.
- Development of ethics programmes.
- Development of risk management policy and practice.
- Legal and regulatory compliance.
- Internal audit services.
- Reporting and assurance.
- Governance training.
