All business, whether big or small have a governance framework. Usually businesses don’t call their processes, systems and internal controls as a governance framework, but this is exactly what it is. When it comes to corporate governance and governance frameworks, one size will never fit all and an organisation should consider designing policies, procedures and setting internal controls which are relevant and fit for them. The importance of having an effective risk governance framework was highlighted in the OECD’s Risk Management and Corporate Governance report which you can find by clicking here.
In the region we see different types of businesses, entities and organisational structures; these also span different industries and even jurisdictions such as onshore, offshore or in free zones. The beauty of diversity is that it makes your organisation unique and hard for your competitors to replicate. An organisation will spend time and money to build its brand, reputation, assets, and services to create competitive commercial advantage and increase market share. Having the correct corporate governance tools will safeguard sustainable growth and healthy profits whilst protecting your business’s reputation and brand. We have seen numerous examples of businesses having the best corporate governance manuals and handbooks or even policies but still failing to following good governance practices. Why is this? The answer is simple, processes, systems, policies and procedures are useless unless followed by all employees and embedded in the corporate culture. An individual, a group or even a Board can choose to circumvent processes and systems to exploit weaknesses in internal controls and this can result in fraud or financial loss, worse still, such breaches could result in reputational risk and even impact on the market share of the organisation through a lack of trust.
In sophisticated groups and organisations you will see a holding company and numerous subsidiaries, each of which carry on operations and business to maximise profit, whilst being sustainable and maintaining market share and competitive advantage. In this region, it is normal to see Boards and Committees at the holding company level and on occasion, depending on the size of the subsidiary, you will also see a Board and Committee structure that mirrors the parent company.
If you are looking to formalise your organisation’s working practices, systems and internal controls or if you are looking to refresh your governance framework, look no further, our team of thought leaders and specialists can advise. Your organisation may require assistance to help embed or rollout a new governance framework and change to processes and systems.
With experience in working with different types of entities, both in the region and internationally, we can advise and provide suggested options to ensure your organisation follows best practice governance, which is aligned with your Board’s risk appetite and tolerances.
Tania Anis - I've had the pleasure to see Robert in action on several events. His sessions are nothing short of being engaging and informative .It is always humbling to see a man with such expertise, willingly divulge his knowledge so thoroughly. Always a pleasure attending your sessions Robert. Thank you for your contributions to our successful events.
Jareen Kaur, Conference Producer-Large Scale Events, Functional at Marcus Evans Group Robert enhanced the quality of my 5th Annual Directors’ Duties: Corporate & Family Boards conference in Dubai this year with his passion and dedication as a Speaker. He played a key role in my conference success with his excellent facilitation of the panel discussion on ‘Safeguarding Your Directorship Accountability Vs Personal Liabilities’. Read More..
Jareen Kaur, Conference Producer-Large Scale Events, Functional at Marcus Evans Group
Irfan Butt, Tax Director – PricewaterhouseCoopers LLP Great service on projects with full understanding of the complex subject matters without losing sight of the bigger picture and what the clients intended to achieve. No hesitation in recommending and appointing him again on projects with excellent and timely delivery of projects within the agreed timetable. Read More
Anke Plock-Girmann, Director at PwC ‘Jordan’, ACE Robert was instrumental in forming the regional translators into a centralised virtual translation team and the use of software to capture know-how to improve efficiency and quality by creating a company brand of Arabic translation. During our work Robert advised on operational matters in the new department and served in a governance role.
Anke Plock-Girmann, Director at PwC ‘Jordan’, ACE
Amanda Line, Partner at PwC Robert has a deep knowledge of governance and compliance issues and is an expert in all company secretarial matters. He has great communications skills and made a significant contribution to our Corporate Governance and Board Readiness training initiatives.
Amanda Line, Partner at PwC
Steven Barlow (Chief Officer Risk, Internal Audit, Governance) Robert is a consummate corporate governance professional who provides highly effective company secretarial and advisory services to the Board. He drives discipline and rigor into processes which significantly strengthen the maturity of the Board’s activities and decision making.He successfully works with the Board members and the Group’s senior management to ensure strategic alignment and the implementation of best practice.
Steven Barlow (Chief Officer Risk, Internal Audit, Governance)
Sangeetha Kaur Nair
(Senior Conference Producer at Marcus Evans)
I have worked closely with Robert on several events and it has always been a great pleasure. He was a remarkable chairperson at the recent 9th Annual Board Secretary Conference in Dubai, as he took charge and was excellent with engaging the delegates throughout the session. Robert’s knowledge on corporate governance is just excellent and he has a very positive attitude toward always willing to share and learn for future improvement… Thank you Robert for being a great leader and someone so easy to work with.
Farhana Majid, Director, Financial Services Transformation Robert and I worked very closely on two high profile reviews for a sovereign wealth fund and a diversified investment company in the Middle East region. He quickly built rapport with the client as the Legal subject matter expert on both the projects and engaged in thought provoking discussions around best in class corporate governance, compliance frameworks, legal department’s strategic remit as enablers for the business to move forward and policies and procedures review. Read More
Farhana Majid, Director, Financial Services Transformation
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