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Vancouver, BC V6E 3S7
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The owner of a small company may keep it running smoothly and successfully with a minimum of formal structures. But once a company reaches a certain size or state of complexity in its business, then it needs something more to keep it moving in the right direction, whether that means:
To speak to a member of our Specialty Team
about Corporate Governance call:
604-714-3600 (Vancouver Office)
604-557-5750 (Abbotsford Office)
Corporate governance is the framework, or structure, that deals with strategic and operational issues. It is a system that seeks to keep a company running in the best interest of its owners, shareholders, suppliers, customers and any other group or organization with a stake in the company.
Normally, an advisory committee is formed specifically for the purpose of overseeing corporate governance. The corporate governance advisory committee may or may not directly contribute to creating the company’s overall strategy. But it will certainly work to keep the company on the necessary path toward meeting the goals of that strategy.
For that reason, the best governance committees are made up of individuals with a variety of perspectives and backgrounds, such as legal, finance, operations and accounting. These corporate governance committee members will also have an extensive network of professional contacts.
You might expect formal corporate governance structures to be found mostly in large public companies. However, these structures are also important to private companies, which need to compete just as effectively as public ones in a variety of economic and regulatory climates, and varying legal jurisdictions.
Any Canadian company doing significant business in the USA, or with other international trading partners, almost certainly needs a corporate governance advisory committee to guide it through a complex web of legal and other requirements and procedures. The same applies for companies in other countries wanting to do business in Canada.
Absentee owners typically set up a corporate governance advisory committee to ensure that the company is being run as the owner intends it.
Smaller, family-run businesses can also benefit from a set of formal corporate governance procedures – not only to run smoothly now, but also to successfully transition the family run company from one generation to the next.
This is often handled at a level of corporate governance referred to as a family council. The council may or may not include outside advisors in its meetings.
Manning Elliott has a diverse group of partners and associates with experience and backgrounds in a wide variety of businesses and countries. We are often called upon by companies we work with or know to:
A number of our partners are uniquely qualified to help family businesses, having completed training in the “Family Enterprise Advisor Program” at the Sauder School of Business.
Whatever our role in corporate governance, Manning Elliott’s main goal is to maximize the value of your business.
Manning Elliott LLP has been servicing business clients throughout BC and Canada, plus the USA, as well as other international markets for over 60 years. Ask us about professional corporate governance advisory services.
To learn more about our accounting firm or to ask a question about corporate governance, contact a Manning Elliott CPA:
In Vancouver - 11th floor, 1050 West Pender Street
In Abbotsford - Suite 201 2001 McCallum Road
Or please Email us your questions or inquiry.
You can also reach us online by completing our Contact Form.
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Manning Elliott LLP has evolved into an accounting firm of truly exceptional professional chartered accountants who have created a culture of high-performance, focus, and work-life balance. Canadian, US, and international clients benefit from our breadth of specialized CPA accounting and taxation services. Our team benefits from a congenial workplace focused on professional development and client satisfaction.
We invite you to learn more about Manning Elliott, Vancouver chartered accountants.