The Role of Corporate Governance in Risk Management
October 19, 2024
It’s evident that effective corporate governance practices can reduce the likelihood of errors and are essential for mitigating business risks. Let’s look at what must be considered when implementing these practices and identifying decision-makers. Governance Practices in Your Business Board Oversight: Establish an independent board of directors to oversee management and ensure accountability. Risk Management […]
ESG Regulations: Legal Requirements for Modern Businesses
September 21, 2024
In 2023, over 76% of the largest U.S. companies identified climate-related risks in their corporate disclosures, a 68% increase from the previous year. These companies publish Environmental, Social, and Governance reports in response to growing regulatory demands and investor expectations. Environmental, Social, and Governance (ESG) compliance has become a key aspect for modern businesses aiming […]
Adapting to New Business Legislation: What You Need to Know
August 17, 2024
After surveying compliance professionals across industries, Thomson Reuters found that 76% of businesses in North America and abroad encounter significant legal challenges related to compliance. Additionally, many of these organizations admitted to their lack of confidence in their ability to effectively manage these compliance risks. Keeping up to date with legislative changes is not just […]
Mastering Contract Law for Business Success
August 3, 2024
Contracts are essential for any successful business relationship as they set the terms, expectations, and obligations for everyone involved. When everyone is on the same page, your business runs smoothly. Research conducted by World Commerce & Contracting shows that businesses have seen 9% of their company’s annual revenue lost due to poor contract management, highlighting […]
Legacy Planning for Family Businesses: Transitioning with Ease
April 10, 2024
In the heart of every family-owned enterprise lies a story of hard work, dedication, and a vision for the future. These businesses not only represent a significant portion of the economy but also embody the legacy of families. There are significant challenges and opportunities that come with transitioning leadership in family businesses. Smooth succession is […]