Since the start of the twentieth century, various curbs have been placed on the power of corporations, including antitrust and securities laws, financial reporting requirements, and adherence to various pieces of legislation related to workers’ rights, health and safety, environmental impact, and more. All such mandatory controls strengthen the “real entity” definition of a corporation and make corporate governance an obligation, rather than a luxury.
For this reason, it is in the interests of a company of any size to draw up Corporate Governance documents to define what the company’s purpose is, who will oversee its operation, what its priorities are, and where accountability lies (where the buck stops).
Corporations of all sizes should sit up and take note of the changing tides in both law and consumer awareness and the impact both of them have on your company. The development of robust and comprehensive corporate governance documents has become a necessity.
If your company needs any assistance with the review or drafting of your corporate governance documents or to determine what documents and policies, you need in place please do not hesitate to call us. Our firm offers in-person and virtual consults, if you have any questions or concerns about Corporate Governance issues, please feel free to call our office at 305-460-0145 or to schedule a consult here.
For more information regarding the Corporate Governance of your business, please contact us or check out our blog articles, videos, or resources on this topic: