Accountant's Minute 162
What is corporate governance? Our view is that corporate governance relates to an understanding of business. Many directors do not fully appreciate the wide range of items that they are legally responsible for, once they are appointed a director. It is this awareness and understanding of a director’s key role and responsibilities that plays a significant role in understanding “corporate governance”.
Why is corporate governance awareness a vital part of “future proofing” an accountancy business?
Accountants, who are conversant in all of the components of corporate governance, will be able to develop new “income streams” which will significantly contribute to “future proofing” the accountancy business.
Over the next couple of years, many SME businesses are going to be seriously looking at the opportunities to raise capital that are available to them via:
To raise capital in this manner, directors will need to be able to exhibit an understanding of “corporate governance” as it relates to company operations if they are going to be able to convince investors to invest in their companies. Directors will need training and advice on performance of their duties to avoid embarrassment relating to some matters that might be brought to their attention by more experienced directors.
Business related matters that contribute to “corporate governance issues” could include:
All of this relates to ”corporate governance”.
An accounting firm, offering “trusted advisor“ services relative to the development of a strong culture of corporate governance within a company or organisation, could also proactively offer corporate governance advice as it relates to:
ESS BIZTOOLS has developed a range of products to assist accountants to “future proof“ your businesses. You can subscribe to these packages individually or in an overall package.
The corporate governance material is included within the Chief Financial Officer Services Package.
The subscription for the Chief Financial Officer Services Package is $550 (incl GST). Click here for details. This package is part of the ESS BIZTOOLS’ Silver Package which is the featured “New Financial Year Promotion” with a 25% discount for 24/7 access for 12 months for $1,641.75 (incl GST), normally $2,189. For details of the ESS BIZTOOLS’ Silver Package please click here.
Our associated business ESS Small Business is presenting the Corporate Governance Network which is targeted at directors and officers of SME companies and committee members and officers of not-for-profits, charities, sporting and social organisations.
The Corporate Governance Network is also very suitable for accounting firm managers and accountants who will gain a significant insight into the challenges facing a key client segment group - company directors - by participating in the webinar series and hearing the keynote presenters, including Andrew Geddes former chair of Greencross Limited and other presenters with expertise in workplace health and safety, human resources, budgeting and cashflow forecasts, debtors’ management, government grants, marketing and sales.
We will supply a Certificate of Attendance for CPD purposes.
The Corporate Governance Network subscription for the 12-month period covering the 8 x 90-minute webinar/workshops is $499 (incl GST). Click here for details.
If you would like to view a 30-minute webinar on the matters that will be covered in the Corporate Governance Network, please click here.
You are invited to participate in free webinars been presented by ESS BIZTOOLS:
Click here for a complimentary copy of the ESS BIZTOOLS’ free article “Future Proofing” – Is Your Accountancy Firm Preparing?
If you have any questions on any aspects of the products and services being produced by ESS BIZTOOLS to assist accountants to “future proof” your businesses, please do not hesitate to contact us – email@example.com or telephone 1800 232 088.
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Episode 162 - Corporate Governance Awareness Vital for Future Proofing
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