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Corporate Governance

Sustainable, Impactful Governance
We work with organisations to think more strategically about the benefits of effective governance and how to achieve it.
We assist boards enhance effective corporate governance by assisting them to achieve effective oversight and compliance, even if the stakes are high.
lumorus.com > Capabilities > Corporate Governance

Overview

Governance is the system of rules, practices and processes by which a firm is directed and controlled. Since it provides the framework for attaining a company’s objectives, it encompasses practically every sphere of management, from action plans and internal controls to performance measurement and corporate disclosure. It is no wonder then, that good governance is critical to successful organisations and plays a key role in maintaining the trust of stakeholders.
 
At Lumorus, we understand the critical role that effective governance plays in driving organisational success and ensuring long-term sustainability. Our Governance Advisory Practice offers a comprehensive suite of solutions designed to empower boards, directors, and senior executives with the knowledge, tools, and strategies they need to excel in today’s changing regulatory and dynamic business environment.
 
With a team of experienced professionals and a deep understanding of best practices, regulatory requirements, and emerging trends, we are committed to helping organisations achieve excellence in governance. Whether you are a publicly listed company, a private organisation, or a non-profit entity, our tailored solutions will equip you with the expertise to navigate complex governance challenges and unlock opportunities and add value to stakeholders.
 
There are no one-size-fits-all governance methodologies or frameworks. Our services can help you to identify the key components of a good governance framework for your particular organizational culture.

Our Governance Practice Solutions

Explore our Governance Advisory Practice solutions and see how we add value to your organisation.

Board Decision Risk Assesment

Board decisions carry inherent risks that must be carefully managed. Our Board Decision Risk Assessment solution helps your board identify, evaluate, and mitigate potential risks associated with strategic decisions, major transactions, and key initiatives. We utilize proven methodologies and industry insights to provide your board with a comprehensive risk assessment report, to help eliminate group think, enabling informed decision-making while safeguarding your organisation's interests.
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Board Strategy Sessions

The evidence is clear that successful boards are forward-thinking and strategic in their approach. Our Board Strategy Sessions facilitate collaborative discussions among board members and executive leadership to define and refine your organisation's strategic direction. We have over 150 years of collective Boardroom and C-Suite experience so is able to facilitate a structured and engaging environment that encourages innovative thinking, strategic planning, and the development of actionable strategies to drive sustainable growth and competitive advantage.
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Board Skill Audit

Having the right persons around the table is crucial for achieving a balanced and high-performing board. Our Board Skills Audit solution helps you understand the skills and competencies of your board members, so you can evaluate if the right skills and expertise are present on your board, identify any gaps, and develop a plan to address them. We work closely with your board to create a skills matrix and provide recommendations to fill any gaps for director recruitment, succession planning, and board development.
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Director Induction

Effective onboarding of new directors is essential for their successful integration into the board and organisation. Our Director Induction Solution provides a structured and comprehensive program that equips new directors with the knowledge, skills, and understanding necessary to fulfil their governance roles effectively. We collaborate with you to tailor the induction programs to your organisation's unique needs, ensuring a smooth transition and to maximise the director contributions from day one.
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Governance Infrastracture Design

Building a solid governance infrastructure is fundamental to effective governance. Our Governance Infrastructure Design Solution assists organisations in establishing or enhancing governance frameworks, policies, and procedures. There is no one size fits all, so we work collaboratively with your board, company secretariat and management team to develop customised governance structures that align with your strategic objectives, regulatory requirements, and industry best practices.
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Governance Review

Regularly reviewing/auditing and updating your governance infrastructure is essential to keep pace with evolving regulatory requirements and best practices. Our Governance Infrastructure Review solutions helps organisations assess the effectiveness and relevance of their governance frameworks, policies, procedures, and compliance. We provide actionable recommendations to enhance your governance infrastructure, optimise processes, and strengthen risk management practices.
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Director CPD Training

Directors Continual Professional Development (CPD) is a requirement and is crucial for directors to stay abreast of emerging governance trends, legal requirements, and industry developments. We offer comprehensive training programs designed to enhance directors' knowledge, skills, and understanding of their governance roles and to better understand and deliver the organisations strategy. We cover a wide range of topics, including governance best practices, regulatory compliance, ethics, risk management, emerging governance challenges, digital/technology, ESG and many others.
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Board Evaluation

Our Board Evaluation solution provides a comprehensive assessment of your board's performance, effectiveness, and adherence to best practices. Through a combination of interviews, surveys, and benchmarking, we identify areas of strength and areas for improvement, enabling your board to enhance its decision-making processes, strategic oversight, and overall effectiveness.
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