Our clients range from some of the most respected multinational corporations and global financial institutions, to medium sized enterprises, startup and early-stage businesses, as well as some of the most prominent entrepreneurs. In delivering structured corporate solutions and administration, corporate governance is key to all that we do.
What is corporate governance?
Corporate governance is the framework of rules, practices and processes by which companies are directed and controlled. Essentially, it outlines the way in which companies are governed and to what purpose.
Why is good corporate governance so important?
In a global marketplace where cross-border regulation is constantly shifting and where reputational risk has become central to the long-term success of a business, corporate governance has risen rapidly up the agenda of boards and investors.
By developing excellent governance frameworks, practices and processes, companies can facilitate effective strategic decision making, enhance efficiency, and ultimately help drive growth.
Doing so allows directors to provide clear and accurate reporting to shareholders and other stakeholders, and assess and manage risk – all while ensuring the company complies with legal and regulatory requirements (including economic substance) in an ever-adapting domestic and international regulatory landscape.
In terms of adding value, as well as enabling a business to run effectively and efficiently, it is important that good corporate governance is maintained so that, should there be a potential/future sale or investment, the company is attractive to third party investors and their due diligence teams.
Failing to adhere to the core principles of good corporate governance – fairness, accountability, responsibility, disclosure, and transparency – can often weaken a company’s potential, lead to financial difficulties and, in some cases, cause long-term damage to its reputation.
How can Hawksford help?
We pride ourselves on our deep, multijurisdictional experience in offering excellent governance and effective management and control expertise, backed up by proper, robust record keeping. Working with our trusted network of legal and tax advisors, we take away the administrative, compliance and regulatory burden allowing clients to focus on their commercial aspirations.
Reflective of our commitment to upholding high standards of corporate governance, Hawksford was named ‘Corporate Services Team of the Year 2023’ at the Corporate Governance Institute (CGI) Awards in Jersey.
All businesses are different, and we appreciate directorship services are not always required by clients. At Hawksford, we are able to provide bespoke services where we do not sit on the board. From a corporate governance perspective, we can assist with the following:
- Ensuring registers, minute books and other statutory records are maintained
- Scheduling and managing board meetings, ensuring correct notice has been circulated and assisting with preparing minutes and tracking follow-up actions
- Providing any other ongoing company secretarial support
- Act as a nominated person, preparing and submitting annual confirmation statements and assisting with other legal and regulatory filing requirements
Where directorship services are required, whether to satisfy economic substance requirements or otherwise, we have an experienced and multijurisdictional team ready to assist.
David Carswell
Managing Director
Kay Bougeard
Associate Director
James Quinn
Director
Disclaimer
Hawksford does not provide legal or tax advice. It should be noted that the above is subject to legal and tax advice covering, among other things, whether economic substance requirements apply. There is also certain information that will need to be provided to Hawksford on an ongoing basis to monitor the activities of the companies, for the purposes of meeting regulatory requirements.
