The financial fallout from corporate overspending,
whether through the hefty stock and benefits packages given to top
executives or the funding of personal loans to management through
company dollars, has led to dramatic changes in governance
regulations. Legislators, regulators and investors are placing more
emphasis and scrutiny on the obligations of company officials to
fulfill fiduciary duties to company shareholders.
Company executives can be easily overwhelmed by the difficult task
of ensuring that their company's actions comply with myriad
regulations. In a telling Pricewaterhouse Coopers Management
Barometer survey, 75% of the interviewed senior executives at large
multinational companies in the U.S. and Western Europe expect their
board of directors will have to play a more active role in
corporate oversight.
Our corporate governance professionals have experience with guiding
businesses through this complex maze of statutory obligations,
including specifying the distribution of rights and
responsibilities among board members, managers, shareholders, and
other stakeholders, and spelling out the rules and procedures for
making decisions on corporate affairs. By doing this, we provide
the structure through which company objectives are set and met, and
ensure that the means for obtaining those objectives and monitoring
performance are objective, adequate, and transparent.
Our experience includes the following:
