Iluma

Transparency in corporate governance is becoming increasingly important not only for compliance but as a necessary element in preserving shareholder value.  It is unfortunate however, that many companies believe simply having a set of policies and procedures constitutes good corporate governance. Many of these same companies fall prey to poor governance because they fail to vigilantly pursue enforcement of those policies and to monitor employee performance against them. Corporate governance is thus not simply having policies, but diligently enforcing them and ensuring that they are kept current with business, regulatory and technology changes.

At ILUMA, we understand companies’ corporate governance requirements, and can help clients achieve good governance in a variety of ways:

• Planning and leading a review of their business and technological environments as a means of helping them to understand their corporate governance needs;
• Developing an understanding of their “ethical environment;”
• Definition of board’s role and leadership model
• Performing of business audits to determine how – and the degree to which – existing policies and procedures are being enforced;
• Developing new and updating existing policies to meet their needs and suggesting vigorous enforcement regimes that will ensure these policies achieve stakeholders’ goals.
• Assisting in the implementation of these policies and monitoring their success over time.
• Board and committee structuring and processes
• Assessment and creation of processes and practices
• Effective Board and committee agendas and meetings
• Providing outside members of the client’s Board of Directors to oversee corporate governance as well as the company’s general business and financial affairs.