Good governance comes from good design
Corporate governance ensures companies have appropriate business decision making processes and controls in place. Considering key stakeholders such as shareholders, employees, customer and the community, your governance should be designed to include ethics, risk management, compliance and stakeholder engagement. Executing your governance with best practices ensures the direction and management of your company is compliant and successful.
But to do this effectively you need to consider the framework, or design, of your governance. Because only with a good design will your governance be in good shape. Bad governance can damage your reputation, your operations and ultimately affect your bottom line. Typically, with bad governance comes scandals potentially leading to adverse effects on your company. Tarnished reputation, poor financial performance and even bankruptcy can be the result of a poorly designed governance framework. Avoiding this is a must. But what does a good governance design look like?
Your governance framework sets the stage for how efficiently and effectively your governance operates. Key stakeholders are counting on you to execute flawlessly protecting them and their investments. This audience has high expectations for your company and you cannot disappoint. The solution you choose to support your governance needs to drive business collaboration, transform your business practices, and keep you ahead of ever-changing market dynamics.
To start, good governance design includes partnering with a team of experts who have experience and knowledge to ensure your governance framework aligns with industry best practices. This team ideally offers you expertise and support that is second-to-none implementing a governance services solution that keeps your company in good standing and in good graces with your key stakeholders.
Coupled with this team of experts, your governance services partner would offer you innovative technology solutions further supporting your company with improved corporate transparency, implementing corporate governance procedures and increasing your business performance. A centralized software solution transforms the ways your internal departments including corporate secretary, legal, tax finance, and other business departments work together streamlining your governance framework. Approvals and verification, attestations and compliance dashboard, calendar tasks and workflow available through a single source of truth strengthen your governance framework into a true force to be reckoned with.
Your governance framework should be accompanied by expert advisory services from a trusted partner relationship with proactive application and monitoring of your framework driving standards and consistency across your business, and ensuring your governance is at the core of everything you do.
Computershare’s Global Managed Services encompass governance services with the right elements to good design. Your governance framework is developed and implemented with innovative technology and a team of experts helping you save time and money, while keeping all your entities compliant with ever-changing regulations across the globe.