Corporate governance refers to how an organization manages fairness, accountability, responsibility, and transparency in its relationships with stakeholders. Through a solid corporate governance framework, fraud risks and conflicts of interest can be better identified, managed, and resolved in business. While the concept may seem like it only applies to large companies, our experience as Colorado business […]
The main goal of corporate governance is to establish a system of practices and rules by which a company operates and to build that system into the DNA of the business. Good corporate governance aligns stakeholder interests around the fundamental principles of accountability, responsibility, transparency, and fairness. Adherence to these principles and other related ones, […]
With so many unknowns in the Colorado business environment, many investors are looking for assurance that company culture is prioritized and can withstand change in 2021. The challenge of board building is enormous, and most companies are unsure of where to start. A board is only as good as its members, and high-quality members are surprisingly hard to find. A study conducted by the Harvard Business Review found that 81 percent of survey […]
Our attorneys at Hackstaff, Snow, Atkinson & Griess, LLC know that Colorado corporate governance sets an organization‘s tone. It identifies the use of power and decision–making in the company. For decades, corporate governance has focused on its shareholders, regulation of its directors and executive team, accounting, tracking operational activities, and other duties. In 2010, the International Finance Corporation (“IFC“) described corporate governance as the framework and methods used to […]
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