Corporate governance is the structure of rules, practices, and processes used to direct and manage a company. A company’s board of directors is the primary force influencing corporate governance.
The responsibilities of the board include setting the company’s strategic aims, providing the leadership to put them into effect, supervising the management of the business and reporting to shareholders on their stewardship.
Our subject matter experts help create governance structures that delineate roles and responsibilities of board members and leadership, set decision-making processes to ensure fairness and uniformity, refine onboarding of new members and personnel, oversee special projects, or provide oversight of the organization at large. SCP’s governance and policy development services support:
- By-law review and development
- Committee structure
- Committee roles and responsibilities
- Board job descriptions and roles.
- Board orientation
- Board training
- Accountability and measurement criteria aligned to strategic goals and initiatives
Many real case studies conclude that well governed companies perform better in commercial terms.