Corporate Governance Services
Institutionalization refers to the building of structures and processes that help sustain business in a company regardless of the peculiar methods followed by the managers. A corporate management approach is crucial for the sustainability of the institutional entity and prestige of a company. We evaluate the existing senior management structure of companies within the framework of Corporate Management Principles, identify job definitions and working styles of the senior management structure (Board of Directors, Early Risk Identification Committee, Monitoring Committee, etc.) in line with the Corporate Management Principles, and document who has what authority and responsibilities.
Structuring senior management To enable standardization of the processes, we write procedures that incorporate all the fundamental controls with respect to the internal processes of companies.
Support service for improvement of internal controls
In the interest of an efficient and productive delegation of authority, which is an essential step of corporate management, we hold talks with the Board of Directors, Senior Management and the relevant process owners to identify existing approval limits and authority, and fashion an authority matrix on the basis of a given position with respect to all processes. We also formulate an “organization guideline” in tandem with the new Turkish Commercial Code.
Creation of an authority matrix/ organization guideline
