Directors duties & responsibilities and Corporate Governance
We provide company directors with practical advice in the following areas:
The OECD defines “Corporate Governance” to mean:
"Procedures and processes according to which an organisation is directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among the different participants in the organisation – such as the board, managers, shareholders and other stakeholders – and lays down the rules and procedures for decision-making"
We assist our clients to identify key organisational risks and conflicts which can affect “good” decision making. We advise on the establishment of, or improvement of existing, systems to manage business risks and ensure good corporate decisions are made with respect to laws and frameworks governing the business and stakeholder interests. Examples of such systems include:
- directors duties and responsibilities under the Corporations Act 2001
- personal liability for insolvent trading and work, health and safety risks
- directors and officers insurance policies
- advice, review and negotiation of deeds of access, insurance and indemnity
The OECD defines “Corporate Governance” to mean:
"Procedures and processes according to which an organisation is directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among the different participants in the organisation – such as the board, managers, shareholders and other stakeholders – and lays down the rules and procedures for decision-making"
We assist our clients to identify key organisational risks and conflicts which can affect “good” decision making. We advise on the establishment of, or improvement of existing, systems to manage business risks and ensure good corporate decisions are made with respect to laws and frameworks governing the business and stakeholder interests. Examples of such systems include:
- Board and board subcommittee charters – identification of the board or board committee function; roles and responsibilities of individual directors
- Directors’ Induction Packs – compendia of key information about the organisation which serve to educate directors about specific matters affecting the business
- Authority delegation – ensuring that officers and employees making decisions in the business have clear authority to do so.
- Policies and Procedures - Privacy, Whistleblowing, Anti-Bribery and Corruption
- Conflict of interest identification and resolution