SERVICE PORTFOLIO
Corporate Governance – Core Success Factor for Companies and Location.
Corporate Governance refers to the process by which all companies are responsibly directed and controlled. Corporate Governance can encompass the combination of laws, regulations and voluntary private sector practices that enable a corporation to attract capital, perform efficiently, generate profit, and meet both the legal obligations and general expectations of society.
Corporate Governance primarily concerns the management of companies listed on the stock exchange and the way in which they use their power and influence on society today. Key principles of good corporate governance include honesty, trust and integrity, transparency, performance orientation, responsibility and accountability, mutual respect, and commitment to the organisation.
Lately, corporate governance has become a growing area of public interest, particularly since the high-profile collapses of a number of large firms and as a consequence of the development of capital markets. Hence, the recent past has seen several national and international efforts in order to improve corporate governance principles. All these efforts should guarantee an alignment of interests of the owners and the management of corporations in order to strengthen investors’ confidence in a company and the financial market as a whole.
These developments are far from being over. The European Commission and lawmakers on a national level intend, in conformity with US Sarbanes-Oxley Act, to further increase the protection of investors and broaden responsibility of board of directors and management. The resulting abundance of regulations poses a big challenge for capital-market oriented companies.
The current attention paid to corporate governance is both a core factor of success as well as a chance for any company and the location as a whole.
Corporate Governance Consulting Services
CFU is well positioned to assist corporations in managing the complex CG-requirements and offers support in meeting the law-related regulations as well as diverse recommendations of international and national codices. The overall consulting services offered by CFU encompass the following:
Assessment and efficiency inspection of CG-related regulations in accordance with legal provisions (including an assessment of the conception and effectiveness of existing CG-measures).
Consulting concerning continual improvement processes (assessment of compliance with codified regulations as well as improvement of compliance with Corporate Governance exceeding legal regulation within the company).
Design of guidelines according to the company’s need aimed at an efficient and effective company management and control, while taking the interests of the diverse stakeholders (investors, employees, agencies, market participants and the public as a whole) as well as the transparency of company values in their internal and external relationships into consideration.
Public Corporate Governance,
Public Governance & Good Governance – Prerequisite for Transparency,
Accountability and Effectiveness.
The recent past has seen liberalisation and deregulation that resulted in an enhanced interest of public organisations in Corporate Governance issues. In view of the increased public attention to the quality of cooperation and the process of decision-making between public and society groups concerning services of general interest, the public area as a whole depends on the quality of good governance. Modelled on these requirements, CFU also offers comprehensive consulting in the field of Public Corporate Governance, Public Governance and Good Governance.
CFU CONSULTING GMBH ©2012