Governance Consultation by a Corporate Governance Expert in Canada

The importance attached to the running and governance of corporate bodies have continually agitated the minds of all stakeholders in the corporate governance circle because of the failure of big organisations that hitherto have been thought to be very solid corporations. These failures or collapse have led to massive debts by such organisations as well as huge retrenchments of both professional and non-professional staffs. This occurs must of the time because of massive fraud on the part of the chief executive and board members.

It is therefore important that both the board and management must have sets of guidelines within which to operate the organisation in a healthy manner. Since board members may not have full knowledge of all that is required to meet the various regulatory guidelines. It is important that they have specially trained persons or consultants who have a good knowledge of all the statutory requirements within which the organisation operates, in order to give advice to the board and management on areas to look out for so that they do not run afoul of the statutes that govern their business.

This may be in the area of legal tax, corporate social responsibility as well as the template in which their reports should be made to the relevant government regulatory agencies.

Persons who will serve this role (as a consultant) must be learned in the various aspects of company formation and the duties of every stakeholder in an organization. Their training must, therefore, cut across disciplines such as human resources, business administration, production management, and corporate or public law in the main. The academic training should also be supported early with good exposure to practical company practices. He as a consultant must be able to analyze the corporate risks to which the sensation is exposed and make relevant recommendations for consideration by the board whose duty it is to make policies for the organization.

Therefore as a corporate governance expert Canada it is your job to determine how well the relationship between all the stakeholders in a company including shareholders, directors, and management as defined by charter, bylaws, policy, and rule of law will be. A corporate governance expert must have both industry experience and academic expertise on the topics of corporate governance, governance consultation Canada, corporate finance, and ethics. He or she with the experience gotten from the industry should be able to offer top level consulting services to corporate clients on corporate governance issues including governance in periods of high growth, developing governance policies, training, and committee and executive evaluations. Another area of speciality should be governance consultation services to start-up companies and larger companies across an array of industries.

A corporate governance expert should wield some amount of influence, an expert’s strength is not only in the expert knowledge he or she has in the field but also the skill set that is brought to a project. It is only when you have a stellar reputation that you can manage that of a firm or entity. Influence helps in getting the right message across to the correct audience. It enables you to make sure that the message you want to relay about your client gets into the right newspapers.

Professor David R. Beatty of chairmanofboard.com provides corporate governance, board evaluation and CEO consultation in Canada. He offers valuable experience working with global boards and CEOs.