Solutions

Corporate Governance

Corporate Governance Best Practices
Professionalizing Family-Owned Businesses
Succession Planning
Board of Directors and Advisory Board
Family and Heirs Council
Corporate Governance Assessment

Strategic Management

Strategic Planning
Business Performance Management
Organizational Restructuring
Business Assessment

Corporate Finance

Mergers & Acquisitions (M&A) Advisory
Sell-Side Advisory
Business Feasibility Studies
Capital Structure Analysis and Review

Corporate Governance

Implementing Corporate Governance Best Practices

Essential to sustainable business development, corporate governance establishes roles and responsibilities, supports effective boards of directors, and introduces policies to prevent conflicts of interest.

Strong corporate governance enhances your company’s reputation, attracts investment, improves operational efficiency, and helps mitigate risk.

How Does Corporate Governance Work?

Corporate governance establishes your organization’s operating guidelines and management structure, promoting greater professionalism, transparency, accountability, and fairness in stakeholder relationships.

Important

1. The diagram illustrates the governance structure and governance participants addressed throughout the Code.

2. Corporate governance principles and best practices should extend throughout the organization.

Important

1. The diagram illustrates the governance structure and governance participants addressed throughout the Code.

2. Corporate governance principles and best practices should extend throughout the organization.

1. Where established, the audit committee should oversee both internal and independent auditors.

2. This function should preferably be led by a designated governance officer.

Paths to Business Growth

Companies seeking a phased approach to governance can begin by establishing an advisory board. Without formal decision-making authority, this board provides guidance, recommendations, and proposed policies for owners and executives to consider. As governance practices mature, a formal board of directors can be established with decision-making authority.

How We Can Help Your Business

We assess your company’s situation and business needs, then support the establishment and formalization of a board of directors or advisory board aligned with market best practices.

Professionalizing Family-Owned Businesses

Leaders of family-owned businesses may struggle to separate business, ownership, and family matters. When management relies on personal practices, emotional considerations, and informal relationships, the business can face significant risks.

Professional management practices are essential to prevent family conflicts, strengthen governance, and promote transparent relationships.

How We Can Help Your Business

Professionalization does not necessarily mean handing management over to outside executives. It means adopting established best practices. We help implement a management model focused on business objectives, clearly defined roles and responsibilities, effective planning, and performance monitoring.

Succession Planning

A succession plan provides a clear path for leadership transitions in a family-owned business by identifying and preparing family members or employees for future key roles.

This helps minimize conflict, preserve the family legacy, address challenges, and sustain long-term success.

How We Can Help Your Business

We develop succession plans that identify talent within the family, assess the skills required for critical roles, and establish training and mentoring schedules. This helps reduce conflict, preserve the family legacy, and ensure business continuity across generations.

Board of Directors and Advisory Board

Establishing a board of directors or advisory board strengthens corporate governance by promoting transparency, accountability, and alignment between management and stakeholder interests.

Responsibilities of the Board of Directors

The board makes strategic decisions and oversees executive management. Typically comprising shareholder representatives, it helps ensure regulatory compliance while safeguarding shareholder interests.

In practice, the board sets policies, approves budgets, and evaluates senior leadership performance to keep the company on track toward its goals.

Responsibilities of the Advisory Board

Strong corporate governance enhances your company’s reputation, attracts investment, improves operational efficiency, and helps mitigate risk.

An advisory board brings together experienced professionals who advise management without formal decision-making authority or fiduciary duties. It provides outside perspectives and strategic insights that can reveal growth opportunities.

How We Can Help Your Business

We review your business and current structure and provide comprehensive support in establishing a board of directors or advisory board.

Three-Circle Model
Family Business System

Family and Heirs Council

A family and heirs council helps family members develop a shared understanding of the business and establish important governance processes.

It provides a forum to align shared objectives, resolve conflicts of interest, establish criteria for shareholder entry and exit, and represent the family in interactions with other governing bodies. It can also address next-generation development, entrepreneurship, and succession.

How We Can Help Your Business

We help your company design and implement the processes required for a council to operate effectively and support the business.

By applying the Three-Circle Model, we help establish clear boundaries and transform the way your family business is governed.

TAGIURI E DAVIS, 1980.

Three-Circle Model. Source: How the Three-Circle Model changed the way we understand family businesses. (CFEG - Brazil. The Three-Circle Model. Available at: https://cimm.com.br/portal/uploads/cimm/asste/file/6102/large slide 35.jpg. Accessed: Nov. 25, 2023)