Description
About sound corporate governance at SMEs:
We consider the implementation of no less than five processes as the best approach to sound corporate governance to follow. These are:
- Amending the Memorandum of Incorporation of the Company to reflect the wishes and aspirations of the founders, including providing for the development of a board charter;
- Developing a board charter – and board committee charters if applicable – the terms of which are accepted by each director per his/her letter of appointment;
- Letters of appointment as a director to be issued to each person, and signed in acceptance;
- A shareholders’ agreement, with the company as is a party thereto;
- Optionally, letters of employment to be issued to those who are expected to deliver certain outputs in exchange for a fixed monthly salary.
The enclosed 73-page document provides you with a standard version of each of these documents, ready to be implemented. These have already been used to providing many company’s founders with peace of mind, knowing that governance processes are in place.
