Changing your view on governance
Governance is the foundation of Sirdar’s products and services, and can be defined as “the accountability and responsibility for the performance, conformance and corporate social responsibility of a business at the highest level.” Sirdar sees governance as a mechanism for success – Sirdar Expedition Governance provides a holistic and dynamic business development solution while taking on, after appropriate due diligence, the legal liability for the success of your business.
Why – the Purpose of Governance?
Without effective governance there is no way business owners can measure and manage their business effectively and in turn achieve extreme business success due to:
- Lack of accountability for their actions to each other and the business
- Limited view of the vision and purpose of their business, often due to the myopic focus on day-to-day operational issues
- Operational needs limiting the time spent reflecting objectively and developing the business accordingly
- Not setting standards and sticking to them or setting standards too low
- Lack of awareness of their legal and corporate social responsibilities as directors
- Having skills and abilities incongruent with the life stage of the business
- Avoiding the difficult decisions that sometimes need to be made for business success
- Effectively operating in a silo as a “craftsman” rather than effectively being an enterprise
What – the results of effective Governance?
Quantitative Measures:
- Profitability (increase in net profit before tax)
- Business value growth (using the valuation model Identified by Sirdar’s Global Investment Committee)
- Other specific quantifiable measures identified in agreement with the client
- Business works without business owners/founders
- Business becomes either saleable or more saleable
- Personal growth of business owners and team
- Learning from other external parties
- Maximum and effective use of all resources and assets
- Growth in intellectual capital
Qualitative Measures:
- Business works without business owners/founders
- Business becomes either saleable or more saleable
- Personal growth of business owners and team
- Learning from other external parties
- Maximum and effective use of all resources and assets
- Growth in intellectual capital
To ensure an effective Governance process in your business, what Sirdar does is provide you with both the Directors who enable you to have the challenging conversations, debate the strategy and also work as a team to help you grow and develop your business. Sirdar will also provide you with the process of governance, so that you have a monthly board meeting pack, you have clear minutes of the meeting, your actions and the resolutions of the Board are recorded and you are able to be held accountable by the Board to effectively implement those at a management level.
To discover more about Sirdar’s Expedition Governance READ MORE
