The need for Best Practice Corporate Governance is paramount due to intense competition amongst businesses across the globalized economy. Risks are pervasive across most businesses. Apart from the monetary related risks the non-financial risks include societal impact, ethical, and good will risks. To mitigate harmful practices, financial irregularities and promote long term value creation, listed companies are required and unlisted companies are recommended to deploy ‘risk governance’ and ‘compliance management’ along with appointing an independent Board member to guide corporate performance.
Anil Sharma is a Member of Institute of Directors, India – the only national level society of Corporate Directors that aims for the professional development of Directors and honing their skills in the areas of:
1. Boardroom practices
2. Corporate Governance
4. Quality and Sustainable Development
Being a Member of IOD allows us to focus on issues relating to good governance and lead to social and economic transformation through visionary and holistic awareness of boardroom strategies. Given the combination of skills and background, we go beyond looking at fiduciary responsibilities towards a collaborative role in reviewing and providing business inputs, where areas of engagement include;
1. Good Corporate Governance model at International Standards
2. Improve Competencies in integrating effective Corporate Performance
3. Business Strategy
4. Talent review
5. Risk management & Compliance
The Coaching construct allows for the Independent Director to be available as a dependable ally to executive management while securing the interests of shareholders.