Board & Stakeholders Affairs Through Corporate Governance

Issues:

The frequency of corporate frauds and governance failures that have dotted the global corporate map require improved corporate governance practices. India has liberalized the regulatory fabric of the country to align its corporate governance norms with those of developed countries. Yet, achieving good governance standards is the biggest challenge faced by the stakeholders, even today.

Board of Directors plays a pivotal role in corporates in guiding the top management on operational, environmental and corporate governance issues. Simultaneously, Board has to ensure compliance with legal framework, integrity of financial accounting, reporting systems and credibility in the eyes of the stakeholders through proper and timely disclosures, which is a challenge again.

Solution:

For effective corporate governance, balance of Board & Stakeholders affairs is desired.

Board of Directors have to exercise strategic oversight over business operations, measure and reward management’s performance, ensure compliance with legal framework, integrity of financial accounting, reporting systems and credibility in the eyes of the stakeholders through proper and timely disclosures. Since, Board is quite occupied and has less time during Board meeting interactions, Innovative solutions are the need of the hour.

Herein, Solidus Capital helps in training the Board members on the adept changing laws and regulations. Develop practical solutions to tackle the key challenges of risk management, internal control, Board balance, Directors and Key managerial remuneration. Also, helps in rating board diversity, governance practices and publishing such results or using performance evaluation as a minimum benchmark for director appointment.

Before work on any major program begins, governance structure needs to be defined i.e. roles, responsibilities and decision-making for all the relevant programs and portfolios to drive accountability that helps in decision-making, rather than the ultimate responsibility shift and organizational loss.

Solidus Capital helps in designing a Governance Structure that provides a key link between the program, overall organizational strategy and initiatives.

Further, Solidus Capital arranges Corporate Responsibility Review (CRR), wherein engagement of shareholders with stakeholders groups are made in India, integrating best suitable industry-wide and international governance practices.

For effective corporate governance, balance of Board & Stakeholders affairs is desired.

Solidus Capital helps in enhancing the stakeholder's affairs by the following practices:

  • (i) Board setting general policies and strategic direction as learned from their wide industry expertise
  • (ii) Shaping the company’s framework for accountability, control and risk management
  • (iii) verseeing and determining compensation of Key managers including the CEO
  • (iv) Stakeholders engagement and setting their duties, rights and responsibilities
  • (v) Disclosure to the Board on financial and non-financial information and Key risks associated therewith
  • (vi) Board’s suggestion on improving corporate performance by laying focus on cash cows and weeding out blood hounds

Corporate Advisory Services

Business Development

Many large and great business houses also sometimes fail to understand the scope & growth horizon prevalent in the industry.

Risk Management

Business is an on-going process, facing different types of risks i.e. internal or external and specific to your objectives.

Restructuring & Reorganization

In the fast growing corporate scenario & day-to-day legal reforms, a corporate needs to adapt itself to desired changes.

The Right Asanas For Obtaining Government Approvals

The biggest challenge faced by corporates in taking Govt. approvals is that laws & regulations differ from state to state.

Peace Of Mind For Legal & Secretarial Compliance

Non-compliance of laws & regulations is a fact in India, emanating enterprise risks & threatening the position of companies.

Joint Ventures & Alliances

India being a tough capital market and a growing economy, it is difficult to understand the varied laws & regulations.

Technical Collaboration

No company is self-sufficient in itself. This results in interdependence of companies on each other to meet the requirements.

Fund Raising

One common factor among corporates hindering their growth is lack of funds and stressed assets.

Entry Solutions

Solidus Capital helps in establishing Foreign and MNC companies in India through “Make in India” concept.

Pre Entry Strategy

Solidus Capital provides expertise in the analysis of the country in which entry strategy is aimed at.

Post Entry Services

Being able to bridge cultural gaps is of utmost importance when expanding into any new market.

Insights