Corporate governance is the collection of rules, policies, and processes that direct and manage the operation of a company. The company’s board of directors is typically in charge of corporate governance.
Board advisers are business consultants who give their counsel to a company’s directors and management team to best guide them on management and strategy problems.
Stock option and purchase plans are contracts between a business and its employees, which allow employees to buys a certain amount of the company’s shares at a fixed price for a limited period of time.
A corporate compliance program is a formal training course that describes a company’s policies, procedures, and expected ethical behavior. A code of ethics is an employee code of conduct that explains the mission, values, and guidelines to represent a company with honesty and integrity.
Company formation refers to how the business is structured rather than what it does. The company formation is the process of choosing an entity that will be best for a business structurally and economically. Different formations include single entrepreneurs, partnerships, corporations, and limited liability companies. An evaluation of a company’s current formation is a comprehensive review that outlines the advantages and disadvantages of the company’s current structure versus another formation.
Contract negotiation is the process in which two or more parties compromise on the terms of an agreement before committing it to writing.
Risk management is the process of recognizing financial risks in advance, analyzing them, and creating steps to minimize their impact on the company.
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