I have recently worked with a number of SRC’s clients facilitating discussions to review & enhance their Corporate Governance in regard to the approval of contracts and expenditure.
Why is strong Corporate Governance so important ?
It is worth first considering what happens if good Corporate Governance is absent. Contracts could be entered into without a full appreciation of the risks involved. Expenditure with suppliers would be uncontrolled. There could be a breach of the law.
By having robust rules, practices, policies, processes & systems for Corporate Governance, companies can ensure proper & efficient management to:
🔎 Mitigate risk (operational, legal, financial data, brand etc)
🔎 Protect the company's assets
🔎 Comply with legal & regulatory requirements
🔎 Promote transparency & accountability
Having spent over 20+ years developing & being the custodian of good Corporate Governance frameworks (and the ‘enforcer’), happy to have a chat to see if SRC can help you also.
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