Governance

Governance is the system of structures, processes, models, rules, and guidelines that ensures proper stewardship and accountability in making business decisions. Improving corporate governance may require boards to assess and improve their oversight and internal processes.

BDO's team of trusted advisers can help identify risks, review governance structures and processes, and assess support and enabling systems.

Develop an effective governance operating model

We assist clients to redesign and implement new governance frameworks and models and manage the change process.

Key areas of coverage include:

• Strategy
• Roles and responsibilities
• Separation of authority between management, board and sub-committees
• Policies and procedures
• Risk management
• Third and related party independence registers
• Compliance plans
• Capability and culture assessments.

Best practice guidelines

When assessing a client’s governance we assess against better practice guidelines as issued by leading bodies such as ASX, ANAO, ICAC, AICD, ACNC (NFP) etc.