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Consulting | Corporate Governance

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Corporate Governance can be defined as the ways and mechanisms by which organizations are directed, controlled and made accountable. A lot has been written and said about corporate governance in the aftermath of the large corporate scandals. But what are the practical implications for small and medium sized enterprises? Are corporate governance frameworks a necessary evil or can they improve bottom line results? In the case of owner-managed businesses, the distinction of the roles of shareholder, director, manager are difficult to define where it is always the same person involved. However, in many cases, there will be a number of persons owning and managing.

MGI Malta therefore suggests that best practice governance procedures could be used to model and adapt systems of control within an organization.