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Regulators are increasingly turning up the heat on companies to demonstrate good governance. Energy companies are under scrutiny to operate ethically and transparently in an industry with constantly evolving rules, regulations, OH&S legislation and structures.
Being closely examined is never comfortable, but it can be used as a positive opportunity to examine the way a business operates.
Effective corporate governance is vital to ensure good business performance, shareholder value and public reputation. The fallout from recent, high-profile corporate collapses has been a steady tightening up of international regulations, ensuring all businesses operate on a level playing field.
Today’s boards and senior executives need to understand all performance indicators, not just the financials
Governance standards and laws, such as Basel 2 and Sarbanes-Oxley, are designed to ensure companies improve internal controls, and review the health of their culture, starting with the tone at the top.
Deloitte develops governance frameworks for the energy industry that achieve effective governance without overcontrol of businesses.
Our solutions are innovative and geared to enhance performance while maintaining a highly ethical environment and positive shareholder relations. We’ve performed cultural and ethical assessments, implemented fraud prevention plans and created best practice charters for many of the biggest energy companies in Australia.
So fix it already
“If it ain’t broke, don’t fix it” is no philosophy for corporate governance. Today’s boards and CXOs need to understand all performance indicators, not just the financials.
Think Deloitte. A transparent framework for ethical conduct helps build public trust, stakeholder belief, and investor confidence. Who do you have to fix it?
We can help you with:
- governance agreements
- shareholder agreements
- structural reviews
- director training and induction
- committee charters
- culture and ethics surveys
- whistleblower hotlines
- fraud and corruption investigations
- trading office structure.
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