It takes a consistent approach to implementing robust corporate governance practices to overcome the issues commonly observed at private family-owned companies. Among other things, this typically involves setting clear delegation principles for the governing bodies, documenting their responsibilities, institutionalizing a solid decision-making process and setting up a proper internal audit function, aiming at transparency, equity, accountability and corporate responsibility.
Review the existing corporate governance arrangements and formulate recommendations that represent concrete steps toward developing a robust corporate governance system.
Develop the company’s corporate governance plan and internal documents, amending the charter and internal policies.
Train stakeholders to facilitate a broader understanding of corporate governance principles and practices.
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