There is increasing recognition of the vital role that corporate
governance plays in keeping the economy, and the businesses that
underpin it, in robust health. However, as the environment within
which businesses operate becomes ever more complex, corporate
governance arrangements are increasingly being put to the test.
Stripped back to its simplest sense, corporate governance is
about having the right people, processes and structures in place to
achieve an organisation's objectives efficiently and
effectively. It is not simply a box-ticking exercise. Done well, it
means that businesses can ensure sustainability without stifling
Contemporary governance challenges include the fight against
cyber crime, the management of intellectual property, board-level
responsibilities for the development of strategy, succession
planning and the embedding of socially responsible practice. All
have an impact on a company's reputation.
With reputation one of the most powerful drivers of business
success and trust and transparency crucial to long-term success,
implementing and maintaining a culture of trust and transparency is
key. This is where the governance professionals who steer boards
and businesses in the right direction fulfil a vital role.
Improving business conduct through the implementation of good
governance is a key way of managing potentially destructive
reputational risks. With offshore jurisdictions vilified by
politicians in the ongoing debate over tax avoidance and the
regulation of financial services stricter than it has ever been,
corporate governance and the professionals who manage it are under
the microscope more than ever before.
Guernsey is committed to meeting the highest international
standards of transparency and governance. Employing a properly
qualified governance professional is the best way of protecting the
good international reputation that Guernsey fights so hard to
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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Failure to comply with company law in Hong Kong can be very expensive for businesses. In a highly dynamic business and regulatory environment such as Hong Kong, it is challenging for business owners to remain fully aware of the latest legal requirements.
In our article " Characteristics of the Commercial Agency Law of the United Arab Emirates" published with Mondaq on 27.09.2016, we outlined the general applicability of the UAE Commercial Agency Law (Federal Law No. 18 of 1981 including its amendments).
Confidentiality of corporate documents and information is one of
the key attractions of incorporating a company in the BVI. A
company search of the BVI Registrar of Corporate Affairs will only
disclose certain information and documents.
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