New Strategies for Governance: The Benefits for Smaller Companies
October 24, 2016 – Dallas, Texas and Atlanta, Georgia – Strategic enterprise risk management (ERM) expert and speaker Gary W. Patterson, FiscalDoctor®, proposes an executable plan to increase the value of your middle market or SMB company in his article New Strategies for Governance: The Benefits for Smaller Companies published by Corporate Compliance Insights (CCI) --- http://corporatecomplianceinsights.com/new-strategies-governance/
Here's how you can use this newest Blue Ribbon Commission report to benefit your organization:
- Look for the focus on how directors can be better selected, updated and evaluated to meet your organization's unique situation and needs.
- Compare your present process for board-of-director onboarding to the suggested checklist.
- Review the series of appendixes, which can be used like off-the-shelf templates you can customize for your business.
Who should consider applying this process with applications for governance, risk assessments and enterprise risk management (ERM) type issues, inside a value based operational and strategic assessment framework? Family business, private and public business and equity group investor
- Corporate directors, key committee chairs and board chairs
- Corporate officers and C-suite executives
- Shareholders, stakeholders, regulators and legislators
- SMB, middle market and global 2000
For their risk management process to help meet financial and strategic goals, it is imperative for management to understand the magnitude of risks in pursuit of business objectives, and how the organization's products and offerings and opportunities can be mapped to these risks. Just as every person needs a medical doctor; every organization needs a FiscalDoctor and periodic fiscal checkups. He also supports special projects for business growth, risk assessments, value based enterprise risk management (ERM), operational risk management (ORM), fiscal checkups, corporate governance, strategic planning updates, special board projects or requests and strategic growth diagnostics.
About Corporate Compliance Insights
Corporate Compliance Insights is a professionally designed and managed forum dedicated to online discussion and analysis of corporate compliance, risk assessment, ethics, audit and corporate governance topics. Additionally, Corporate Compliance Insights is a focused knowledge-sharing forum designed to educate and encourage informed interaction within the corporate compliance community – dealing with issues of ethics, audit, compliance, FCPA, governance, risk, fraud and GRC.
Corporate Compliance Insights is founded by Maurice Gilbert, managing partner of Conselium, a compliance-focused executive search firm. www.corporatecomplianceinsights.com
About Gary W. Patterson
Patterson, a Big 4 CPA / Stanford MBA, speaks regularly on business growth, accountability, facilitation, governance, risk management, achieving corporate financial goals, and building long-term wealth. His book Million Dollar Blind Spots: 20/20 Vision for Financial Growth provides cutting edge follow-up for blind spots: how to identify them, exploit opportunities and mitigate risks. Visit his website at http://www.fiscaldoctor.com and "free" fiscal fitness test at http://www.fiscaldoctor.com/fiscal-quiz/ , or call 678-319-4739.
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