The governance of companies and organizations, also known as corporate governance, encompasses best all sorts of practices for decision-making and mobilizing an organization’s resources. Among other things, it deals with the division of power between the different parts of the organization. It aims at proper representation of the organization’s various stakeholders. Corporate and organizational governance is thus situated at the crossroads between corporate law and business management. For corporations and organizations, governance is an indispensable element in their functioning because its goal is to determine a strategic orientation, ensure that objects are met, manage risks and allow for appropriate use of the business’s resources. For shareholders, this also constitutes a means of ensuring that the firms in which they hold shares are managed in line with their interests. Today, corporate and organizational governance is an evaluation criterion for analysts and investors.
While any business would do well to equip itself with a solid governance structure, this need becomes all the more important with the increase in the number of people who take part in risk-taking and decision-making. Business families, especially when they include more than one generation, require formal and informal forums to align the business’s vision with share values within the family.
Entrepreneurs aiming to join the major players in their industry must adopt management methods requiring the involvement of various levels of management. This is particularly true when they seek the contribution of institutional investors or strategic partners. These management methods take the form of procedures and documents allowing for better control and greater predictability.
Lastly, organizations that manage significant funds for the purpose of carrying out a mission must be able to ensure their members and contributors that solid ethical rules govern their activities. Sound governance is thus a guarantee of professionalism and confidence.
Implementing sound business governance calls upon complex rules allying management and business law.
Force-Legal has a proven track record in business governance. Whatever your management challenges, our firm can help you see things more clearly by developing with you innovative and customized solutions to create value in your organization, in line with the laws and regulations in effect.
Whether your business is a company or an organization, our team of business lawyers can provide valuable advice, as well as legal services, such as:
Whatever your area of activities, one of our lawyers can meet all your corporate and organizational governance needs. Contact us today!