Corporate Governance
Any organisation wishing to optimize its performance needs sound corporate governance. A solid structure of rules, practices, and processes that set the tone of operation internally and to the market. Our experience working with many international and local firms serves to clearly identify where new regulations and guidance need to be established to operate successfully.
Seeds' Governance Advisory:
A Multi-Fold Action Plan
We aim to provide independent, integrated governance to companies and family-owned enterprises, with the objective of strengthening institutional governance and optimizing financial performance. Our approach is multi-fold, and could include one or more of the following (based on project/company requirements):
Structure Development
Building comprehensive corporate and organizational governance frameworks associated with national regulations and international governance standards. We strive to cater the framework to the company's unique mission, risk appetite and goals.
Board and Committee Structuring
Designing board rules, defining committee roles, and setting up crystal-clear delegations of authority in the organization.
Board Effectiveness Evaluations
Establishing frameworks for conduction of annual assessments, peer benchmarking, valuations of individual directors, board packs, and meeting efficiency. This is typically done by way of interviews or questionnaires.
Policy and Operation Procedures
Designing and updating internal policies, manuals, and standard operating procedures to mitigate risk and strengthen discipline.
ESG Strategy Development
Define clear strategies for board members, executives, and other environmental, social, and governance (ESG) integrators on how to best balance conflicting demands and optimal societal benefit for the company.
Secretariat and Administration Support Guidelines
Advise on clear guidelines for secretaries and administrators on assistance with planning meetings, drafting agendas, circulating board papers, and keeping accurate legal records of resolutions.
Governance Risk Management
Advise on proactive governance methodologies for the company, taking into account all potential risks. This can include: Business Continuity Management & Disaster Recovery (BCM/DR), Emergency Governance, and Delegations of Authority.
Sucession Planning
Advise on strategic, long-term succession and emergency (contingency) succession plans.
Conflicts of Interest
Develop re-assuring guidelines on how to manage conflicting interests of stakeholders and shareholders. This can include: Trusted Independent Evaluations, Mitigation Strategies, and Post-Resolution Documentation.
Inclusive Board Culture
Advise on best practices to ensure psychological safety, equity of voice, cultural humility, and bias-free evaluations.
Additionally: Extending Governance to Family Businesses
In addition to the main governance pillars mentioned above, Seeds Consulting has a wealth of experience in organizing family business structure to optimally balance family harmony and business performance.
We do this by adding one or more of the following, as needed:
Family Governance
We advise on developing optimal family constitutions, family councils, family employment policies, succession frameworks, and ownership protocols.
Ownership Strategy
We analyze current ownership frameworks and make recommendations on potentially stronger ownership structures, as well as inheritance-related planning and mechanisms for ownership transitions.
IPO and Institutional Readiness
Some private family businesses may wish to prepare for outside investment, strategic partnerships, or eventual listing on the Saudi Capital Market. A governance transformation can be a very significant part of that preparation to strengthen trust among all parties involved.
Ownership
Family
Business
Governance
Alignment