Corporate Governance
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At its core, Corporate Governance is about the implementation and maintenance of an organisational framework that provides accountability and control systems within a business. Through Nova Solutions™ we are able to deliver high quality corporate governance policies and procedures and make them come alive within your organisation.
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| | According to the Executive Chairman of PricewaterhouseCoopers, Raja Arshad, institutional investors have indictated their willingness to pay a premium of 10-50% for companies with excellent corporate governance practices.
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| Nova Solutions™ delivers a comprehensive suite of corporate governance programs designed to be tailored to your organisation. If PwC are right your ability to display high quality corporate governance programs will substantially increase the value of your business.
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|  | | A 2002 McKinsey study found that institutional investors are willing to pay a premium of up to 38% for the shares of organisations that demonstrate good corporate governance practices.
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| As above except that this time its McKinsey that is highlighting the value of having strong corporate governance practices.
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| | | Risk Management, Compliance and Complaints Handling Programs are considered to be key components of any corporate governance system.
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| Nova Solutions™ delivers these programs to your business in a form that business executives can understand and with the online tools that you need to make these programs work simply and efficiently in your organisation. Nova Solutions™ can do in a matter of weeks what may otherwise take years to achieve through the dedication of internal resources.
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| | | Only 34% of board members say their companies are good at monitoring important non-financial data and 73% said they are under increasing pressure to do so. Deloitte survey report, "In the Dark", March 2005.
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| Nova Solutions™ Assurance enables a company to measure and manage non-financial performance on risk, compliance and complaints handling.
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| | | Over 90% of directors and executives believe that areas that cannot be measured in monetary terms are critical to a company’s success. The critical factor that has driven them to take this view is increased regulatory emphasis on non-financial measures. Deloitte Survey report, "In the Dark", March 2005.
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| The regulatory environment has changed dramatically over the past 4 to 5 years and the dramatic change has been our regulators' that businesses implement strong internal corporate governance systems. Nova Solutions™ is designed to deliver to your business a solution that will not only keep regulators happy but may also significantly increase the value of your business.
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| | | In a study of 155 Australian and New Zealand companies it was found that 1 in 3 companies have not completed the development of corporate governance frameworks. Governance push foundering: survey, Australian Financial Review, 17 June 2005.
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| This is because implementing a corporate governance framework is difficult even for the big end of town. Why reinvent the wheel when Nova Solutions™ can deliver to you quickly and cost effectively a corporate governance infrastructure that would be the envy of many of our top public companies.
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| | News,
White Papers & Useful Links
| Watch this space for the latest news, papers and useful links.
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