Governance and strategy settingThe board of directors/trustees is responsible for governance and strategy setting in an organisation. The roles and responsibilities, how they are chosen and tenure are usually governed either by legislation or a founding document (usually a constitution or trust deed, or rules of governance/bylaws).
Generally speaking, a strategic governance board is focused on the future, while operating in the present. It operates in a transparent and accountable way to:
Our Auckland-based accounting firm has professional directors who are members of the Institute of Directors, and are skilled in governance and strategy setting. [email protected] or 0211 00 66 11 Advisory boardsSupport and guidance from an advisory board may accelerate growth, improve financial performance, manage risk or enhance operational performance.
A variety of opinions exist as to what an advisory board should be tasked with, how or if it should be rewarded, the advantage or otherwise of independence (owning equity or not), and the list goes on. To discuss your business idea needs, contact our experienced and highly qualified team. [email protected] or 0211 00 66 11 Shareholder agreementsA shareholders’ agreement is an agreement between the shareholders of a company. It can be between all or, in some cases, only some of the shareholders (for instance the holders of a particular class of share). Its purpose is to protect the shareholders’ investment in the company, to establish a fair relationship between the shareholders and govern how the company is run.
The agreement will usually:
The shareholders’ agreement will contain specific, important and practical rules relating to the company and the relationship between the shareholders. This can be beneficial both to minority and majority shareholders. All shareholders benefit by establishing rules for key decision making, and managing rights and obligations on changes in shareholding, including agreeing rules for pricing/valuing shares on changes to the overall shareholding structure or when exiting the business. Our team of local chartered accountants is able to help negotiate the content of shareholders' agreements. [email protected] or 0211 00 66 11 |