The financial fallout from corporate overspending, whether through the hefty stock and benefits packages given to top executives or the funding of personal loans to management through company dollars, has led to dramatic changes in governance regulations. Legislators, regulators and investors are placing more emphasis and scrutiny on the obligations of company officials to fulfill fiduciary duties to company shareholders.
Company executives can be easily overwhelmed by the difficult task of ensuring that their company’s actions comply with myriad regulations. In a telling Pricewaterhouse Coopers Management Barometer survey, 75% of the interviewed senior executives at large multinational companies in the U.S. and Western Europe expect their board of directors will have to play a more active role in corporate oversight.
Our corporate governance professionals have experience with guiding businesses through this complex maze of statutory obligations, including specifying the distribution of rights and responsibilities among board members, managers, shareholders, and other stakeholders, and spelling out the rules and procedures for making decisions on corporate affairs. By doing this, we provide the structure through which company objectives are set and met, and ensure that the means for obtaining those objectives and monitoring performance are objective, adequate, and transparent.