The six steps to better corporate governance
Justin Moran, Director of Risk and Internal Controls at Mazars, explains why private sector boards need to develop a sharper focus on the corporate governance issue
The benefits of effective governance for private sector companies include more strategic thinking, improved decision making processes, proactive risk management and, ultimately, leveraging investment and capital at more competitive rates.
Yet many private sector companies not subject to regulation operate outside any mandatory governance codes. Findings from Mazar’s Corporate Governance Matters Survey 2017 indicate that 60 per cent of respondents (from the SME sector) say they don’t have formalised, well-structured corporate governance processes ...
