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GOVERNANCE CHALLENGE
Companies today are
challenged to meet various corporate governance
requirements ranging from those mandated by regulations
to those expected by investors. Governance failures are
often due to ineffective service by Board advisors and
inadequate controls on governance processes. In resource
constrained companies, the general counsel or the CFO
hold the title of Corporate Secretary and may have the
sole responsibility for governance, with little or no
internal support. Governance functions can sometimes be
fragmented across company departments, with little or no
oversight or coordination. Outside counsel can provide
guidance, but implementation almost always falls to the
Company.
How Sound is Your
Program?
· Is your Board spending more time on compliance and
less time on strategy?
· Is your Board satisfied with the support it receives
from the company?
· Are you meeting the SEC and stock exchange
requirements for effective corporate governance?
· Do you have the right Board members?
· Do you have a strong Board evaluation process?
· Are your Board and Committees properly staffed and
getting what they need to satisfy their fiduciary
obligations and
to function properly?
· Are meetings well planned, well attended and properly
documented?
· Do you have an effective Board orientation and
education effort?
· Are the right resources in place to interact with
your Board and implement your governance practices?
· Are you confident that you have adequate equity grant
practices and governance?
· Are your investors satisfied with your governance
practices?
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