Corporate Governance Lawyers – Melbourne
The framework of relationships, rules, systems, and processes through which authority is controlled with a corporation is known as corporate governance. The corporate governance situation often varies from organisation to organisation and can depend on factors such as corporate culture, or the history, size, and complexity of particular organisations.
With this in mind, it is helpful to keep some corporate governance standards in mind when formulating rules or practices for your organisation. Such standards are useful in determining:
- Board oversight and management: management and board roles and responsibilities, including performance monitoring and measuring.
- Board structure: a board should be structured to add value – the composition of the board should emphasise skill sets, commitment, and size appropriate to the organisation.
- Ethics: ways in which the organisation can adhere to its obligation to act responsibly and ethically.
- Corporate reporting processes: should be in place to ensure that reporting integrity is maintained.
- Risk management: a framework should be established and periodically reviewed to ensure it remains effective.
- Disclosure: Timely and balanced disclosure to security holders
- Directors’ remuneration and executive remuneration: should be sufficient to attract and maintain high quality directors and senior executives who are able to align their interests with the creation of value for security holders.
LGM Advisors Melbourne employs experts in corporate governance, and provides premium legal services to start-up companies, social enterprises, publicly listed companies, and companies listed by guarantee on a range of corporate governance issues, including:
- Advice on shareholders agreements and drafting/reviewing shareholders agreements.
- Advice on insolvent trading and director duties.
- Drafting and reviewing company constitutions.
- Advising on situations containing a conflict of interest.
- Preparing directors’ handbooks.
- Advice on risk management.
- Advice on trade practices and competition laws.
- Advice on the formulation of internal procedures and policies.
- Advice regarding transparency in the decision making process.