Ake Accounting Governance Planning Services for Tauranga and Whakatane businesses
Good governance exists to add value to a business, big or small. If you're serious about having an effective Board of Directors, you need a Governance Plan to align directors and build strong relationships within the Board.
Effective governance is the cornerstone of business success and longevity. Good governance is about structuring, operating and controlling a company with a view to achieving long-term strategic goals for shareholders, creditors, employees, customers, and suppliers.
Effective governance adds value in four critical business areas:
Purpose: defining your purpose and acting with it in mind.
Governance Culture: working effectively to make the right decisions at the right times.
Holding to Account: being aware of what's happening and how to respond.
Compliance: effective risk management.
Any company that is serious about creating and developing an effective Board of Directors should have a Governance Plan. An effective Governance Plan will remove stress and add value.
You’ll attend a Governance Planning session which will cover the following key areas:
Agreeing how you'll separate the governance functions and responsibilities from that of operations
Determining and documenting a Governance Framework Plan and Governance Action Calendar
Identifying significant opportunities and risks that need to be managed
Establishing an action plan to address critical issues and get runs on the board
Agreeing the form and frequency of your regular Board Meetings
Any time is a good time to develop a Governance Plan, even if you already have a functioning Board of Directors.
By attending a Governance Planning session, you’ll:
Develop a clearer company purpose
Eliminate current 'laid back' business practices to become more active and strategic
Hold management to account in implementing the Strategic Plan and delivering results on budget
Reduce the stress associated with business growth
If you’d like to hear more about our Governance Planning service, get in touch!