Directors

Directors duties and responsibilities have always been onerous, however, since several major corporations, like HIH and Enron collapsed, largely due to the negligence of directors and the structures they employ - the onus on directors have become even more demanding. It is important, for directors, to take, and be seen to personally take, all the necessary steps to ensure that all their duties and responsibilities have been met. A directors responsibilities are no longer diminished by delegating their duties in good faith. Directors cannot hide behind their ignorance of the companies affairs. But how can directors meet their duties and resposibilities in this age where stautary legislation, corporate governance requirements, and common law requirements keep increasing. Advance Transition Consulting has several programmes which:

keep directors informed;
assist in setting up processes to provide total documented accountability of management;
provides support in setting direction, strategy and policy;
provides the means to self monitor directors selection, induction, and performance individually and as a board;
reviews corporate governance requirements and adherence;
provide reviews and checklists on any aspect of the directors duties and resposibilities to ensure that directors singly or as a board are not exposed to any form of non-compliance.

Business Strategy

It is one of the most elementary and important duties of the board to ensure that the company has an appropriate strategy which is properly implemented. Strategy cannot be treated as an annual event and then forgotten, but must be at the core of every decision and action taken by the company, evolving constantly in response to the companies circumstances. Directors need to hold management accountable in regard to the reporting of the companies strategic plan.

Advance Transition Consulting can assist with all elements of business strategy from design, implementation to accountability and reporting.

Corporate Governance

Does the Board fulfill its function?

Do all the directors know what the Board's functions are?

Are management held properly accountable to the Board?

Is their a proper delineation between Board and Management?

Does the Board have an optimal structure?

has the Board defined its governance roles?

Is the Board effective for all stakeholders?

Does the Board understand its corporate governance resposibilities?

Advance Transition Consulting can partner with you to identify, implement, and monitor your companies relevant corporate governance requirements.

Induction and training

Advance Transition Consulting has developed a range of generic and specific programmes to ensure that directors are kept informed of their duties and responsibilities as well as to keep them informed on all other matters pertaining to directors.

We also have procedures to assisst in the nomination, election, selection, induction and assessment of directors.

Assessments and Checklists

Tired of receiving the same assurances from the same people about the same topics? Not sure whether you have the financial or technical know how to pick a problem? Advance Transition Consulting can give you an independent assessment and set up a process that will allow you to answer the questions which are important to you as a director.

Popular assessments used by our clients:

Senior management effectiveness assessment;
Accountability review;
Board effectiveness assessment;
Corporate governance review;
Director review