Good corporate governance makes good business sense

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Presentation by Steve Hill, Chartered Director at Is your board Fit for Business, Foot Anstey, Bristol on 22 May 2013

Published in: Business, News & Politics
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Good corporate governance makes good business sense

  1. 1. Good corporate governancemakes good business senseSteve HillChartered Director, Managing Director atSystems Engineering and Assessment Ltd.BristolIs your board fit for business?Wednesday 22 May 2013100 Victoria StreetBristol
  2. 2. What is Corporate Governance?“Corporate Governance is about how companiesare directed & controlled”• Increasing focus since problems in 90’s• The Board – must ensure the interests of shareholders andstakeholders are fulfilled by the organisation– Leadership– Monitoring & Control– Senior executives– Audit
  3. 3. Leadership• The board must:– Ensure the business has a realistic and clearstrategy– Has a business plan which describes how thestrategy will be delivered– Has budgets which will enable the success of thestrategy to be measured
  4. 4. Monitoring and Control• The board must:– Ensure the business has a process for measuringits performance– Review the business performance• Business Plan• Budgets• Customer feedback– Ensure corrective action is taken were required– Challenge effectiveness of measures
  5. 5. Senior Executives• The board must:– Select, set the compensation off and monitor allkey executives– Align remuneration of the senior executives withthe interest of the company and shareholders
  6. 6. Audit• The board must:– Ensure the financial integrity of the businessesfinancial reports– Ensure that delegations are followed– Ensure business complies with legal obligations
  7. 7. Is your board fit for business?Wednesday 22 May 2013100 Victoria StreetBristol

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