Governance is the system of structures, processes, models, rules, and guidelines that ensures proper stewardship and accountability in making business decisions. Improving corporate governance may require boards to assess and improve their oversight and internal processes.
How BDO can help
BDO's team of trusted advisers can help identify risks, review governance structures and processes, and assess support and enabling systems.
Key areas of coverage include:
- Strategy
- Roles and responsibilities
- Separation of authority between management, board and sub-committees
- Policies and procedures
- Risk management
- Third and related party independence registers
- Compliance plans
- Capability and culture assessments.
When assessing a client’s governance we assess against better practice guidelines as issued by leading bodies such as ASX, ANAO, ICAC, AICD, and ACNC (NFP). We assist clients to redesign and implement new governance frameworks and models in line with best practice, and manage the change process.
We assist clients to redesign and implement new governance frameworks and models and manage the change process.