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Corporate governance mentoring helps small/medium enterprises.
The new legislation for Early Stage Innovation Companies and Crowd Sourced Funding Equity Raising Companies has highlighted the need for directors of companies to review their knowledge of company director’s duties.
Directors of small/medium enterprises, which aspire to raise capital as Early Stage Innovation Companies or Crowd Sourced Funding Equity Raising Companies, will need to refresh their skills in corporate governance if they are going to convince potential investors, in those types of companies, that they have the necessary skills and knowledge to be able to direct companies.
There is a significant role for accountants/business advisers in assisting your clients, who are company directors, to understand the requirements under the Law.
Similar requirements also apply to committee members of not-for-profits, charities and sporting organisations because the rules and regulations applying to companies similarly are applied to those types of organisations.
Accountants can provide advice to company directors and committee members on a range of matters, including:
Incidentially, I think you should be making sure that the Profit & Loss Accounts that you’re preparing for monthly review purposes for companies and organisations are prepared as “management accounts”, rather than accounts that could be submitted at the end of the year to the Australian Taxation Office.
- Cashflow Forecasts
- Budget Variance Reports
ESS BIZTOOLS has produced individual product packages to assist small/medium enterprises, company directors and committee members of not-for-profits, charities and sporting organisations to understand "all things financial and corporate governance".
ESS BIZTOOLS currently has a special discount offer, as part of the Accounting Business Expo, which was held in Sydney a few weeks ago, a 25% discount applies until the 30th April 2018. To avail yourself of this 25% discount, please insert “ABE25” in the “Discount Code” area of the subscription process. Please go to our website – www.essbiztools.com.au.
Incidentally, talking about corporate governance. Our associated business – ESS Small Business – is launching a Corporate Governance Network, which is going to be a series of 6 webinars/workshops presented over a 90-minute period with expert key note speakers from leadership, marketing and selling, debtors’ management, legal matters, workplace health & safety, people issues, Fair Work Australia issues, taxation and other matters affecting company directors and committee members. You can go to our ESS Small Business website – www.esssmallbusiness.com.au – and click on to Corporate Governance Network to obtain the full details. The first webinar/workshop in the series is due to be held on Wednesday 9th May 2018.
A reminder that our free webinar series is continuing. The next free webinar, which explain the whole range of products and services that ESS BIZTOOLS can assist accountants to deliver to your small/medium enterprise clients, is on:
Have a great day!
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Episode 150 - Corporate Governance Mentoring Helps SMEs
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