Corporate Governance
Boards are under more-intense scrutiny than ever before, and directors struggle with effectively executing their fiduciary responsibilities while still enabling the organization to move forward and remain competitive.
The focus areas should include:
- A clear-cut segregation of duties among governing bodies;
- Balanced and high-performing Board of Directors and its committees;
- A balanced executive remuneration system ensuring alignment of the executives’ interests with the interests of the company and its shareholders;
- Disclosure of complete and high-quality financial and non-financial information (on the website, in the Annual report, etc.);
- Efficient organisation of interaction with shareholders and investors;
- An efficient risk management and internal control system and an efficient internal audit function ;
- A balanced dividend policy meeting the interests of the company and its shareholders;
- Efficient procedures for preparing and holding general shareholder meetings;
- Reliable procedures for prevention and settlement of conflicts of interest;
- Efficient group governance and oversight of subsidiaries’ performance.
How we can help?
PwC helps companies focus on the most important aspects of corporate governance. We can provide the following services:
- Perform a comprehensive assessment of your current corporate governance framework or its separate components;
- Establish corporate governance framework and mechanisms as prescribed by applicable regulations, requirements and standards (i.e. Corporate governance codes, listing rules, methodological guidelines and recommendations, etc.) ;
- Communicate and interact efficiently and effectively with your shareholders and investors;
- Assess the performance of your Board of Directors and its committees;
- Improve the efficiency of your governing bodies' operating procedures;
- Ensure appropriate segregation of duties have been established among the governing bodies and within your decision-making processes;
- Enhance the oversight arrangements you have in place across a group of companies;
- Develop / improve the performance of your risk management systems and processes;
- Develop / improve the performance of your internal audit function;
- Enhance the transparency of your business;
- Reduce the likelihood of corporate conflicts;
- Prepare your company for a successful IPO.
Value delivered
PwC can help strengthen your organisation’s corporate governance program. The value we provide includes:
- Confidence that comes from working with a dedicated team of senior, knowledgeable, and experienced corporate governance specialists;
- A proven framework aligned to regulatory guidance and leading practices that drive efficiency and quality;
- Insights about emerging issues, not just topics in the here and now;
- Access to governance leading practices, thought leadership, and forums on current issues to help your company maintain its high standards.
Client benefits:
- Understanding of your company’s current corporate governance structure and processes and of whether the organization is being governed as intended to fulfill its governance objectives;
- Insights into the strengths and/or enhancement opportunities within your company’s current corporate governance structure and processes that could affect sustainable, strong business performance;
- Increased transparency into stakeholder perceptions of current corporate governance processes;
- Validation of whether or not corporate governance meets regulatory expectations and industry standards;
- Increased transparence into the structure, processes, and policies supporting corporate governance;
- Insights into other organisations’ corporate governance practices that could help advance current practices;
- Insights into how the three lines of defense are coordinating to build a thorough corporate governance framework.
