Corporate Governance CONSULTANCY
Corporate governance is not just the system by which companies and organisations are directed and controlled. It provides the framework and foundation for achieving business success.
Corporate governance is not just the system by which companies and organisations are directed and controlled. It provides the framework and foundation for achieving business success.
Our CPA's HELP WITH:
Governance Review
WACH Consultancy offers a tailored service to assist companies and organisations review their existing governance structures and policies, build on existing good practice and achieve excellence in compliance with appropriate governance codes, such as the KRC,ICPAK,KIM and ACCA Corporate Governance Code published by KEBS.
Board Performance Evaluation
Often one of the most difficult and yet essential aspects of good corporate governance is the evaluation of the effectiveness of the board in carrying out its responsibilities. WACH Consultancy has developed a robust evaluation questionnaire for directors to complete in relation to the effectiveness of the board as a unit in carrying out its role. It examines each of the board’s responsibilities and leads to the identification of areas which require strengthening and ultimately to the continuous improvement of the Board’s effectiveness and leadership. WACH Consultancy has also developed a simple self-assessment questionnaire for directors which on review by the chairman will quickly show if each director continues to contribute effectively and to demonstrate commitment to the role.
Board Training
Virtus Consultancy supports Board development through training sessions tailored to meet client specific requirements. Topics include: Corporate Governance Framework, Role and Duties of Directors The Effective Board
Risk Register
Risk is an integral part of all day to day operations. Organisations which practice good risk management are more likely to survive and thrive. Managing risk means thinking about it in a logical and structured way and to take action/implement policies which will minimise any negative impact on the company. Directors should ensure that there is on-going risk assessment throughout the company/organisation, and that a risk register is maintained and updated. WACH Consultancy can assist you in reviewing business risks and establishing a risk register.
Internal Controls Review
Strong financial and business controls are essential to protect the company’s assets and ensure the integrity and reliability of the financial information on which the Board relies in its decision making, external reporting and longer term planning. WACH Consultancy offers companies an independent review of their current internal controls to assess their robustness and satisfy the Board that the controls are fit for purpose