SECRETARY SERVICES

Good Corporate Governance secures revenue, and confusion is a thief. So, individuals don’t study MBA’s without reason – everyone knows that if you don’t master your business administration, your business is next in the statistical line of corporate casualties. Properly managed company secretarial services mitigate this risk.

Moreover, the captain of the corporate ship understands the disconnect between business disciplines. The good successful business actively manages the corporate interfaces between accountant and the attorney and the broker and the auditor, the risk manager, finance, procurement department and the eager BEE consultant.

In our experience however, the administration of the interfaces between the disciplines above are often neglected – often forgotten. The result is that the Company Board and even more so, the department managers find themselves on the backfoot when they face annual deadlines.

In our opinion, the maladministration above can be avoided by a corporate governance gap analysis and a strategic plan to address the inefficiencies. Effective administration in the area of compliance, will generate revenue and the administrative bang for your foreword-thinking-buck will trump the cost of compliance every time.

Examples – give me examples you could say. Well, we understand your pain and please forgive us for touching on a few questions:

[Examples below assume that your Company has Black Ownership]

1. How well are the delineated functions between the auditor and accountant defined?
2. Which of the total governance functions reside internally and how do you know that the residual functions are fully accounted for?
3. Are you sure that substance takes precedence over legal form in every area of legal compliance – does your governance allow you to sleep well?
4. Thinking of board and shareholder compliance – do you regularly conduct operational meetings with all of the King IV stakeholders and individuals who act within the governing body of your Company?
5. How would you know if your Company is in the position to successfully prove beyond ideological doubt that you comply to the wants of the various government compliance commissions that oversee your business, i.e. SARS, BEE Commissioner, Competition Commission, Financial Intelligence Centre, CIPC Tribunals etc.

Corporate Governance is your friend, Captain. Give us a call if you’ve lost a few pages in “the manual”.