Corporate Governance can be defined as “the system, principles and process by which organisations are directed and controlled. The principles underlying corporate governance are based on conducting the business with integrity and fairness, being transparent with regard to all transactions, making all the necessary disclosures and decisions and complying with all the laws of the land”.
KomSec Limited can help companies implement good Corporate Governance in a practical manner throughout all levels of their organisation. Benefits for both Directors and Members (shareholders) include:
- assessment of active implementation of Corporate Governance;
- enabling a proper understanding of the role and responsibility of the Directors, Officers, Staff etc; and
- ensuring compliance requirements such as Health & Safety, Employment and Environmental, etc, are met appropriately.
Corporate Governance can be supported by KomSec Limited by:
- challenging information presented at Board Meetings (just because financial information was always presented in a certain format does not mean that format is still valid);
- constructively involving management and staff in Board Meetings;
- reviewing processes, e.g. too many management meetings not enough implementation; and
- assessing changes in customer/client requirements/markets to enable a company respond in an effective manner.