Quality assessment of corporate governance systems or their components

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Evaluating the quality of a corporate governance system (CGS) or its components aims to determine the effectiveness of company management, protect shareholder rights and interests, ensure transparency, and create equal conditions for all market participants. This enables potential investors to make informed decisions when selecting investment assets, while companies gain opportunities to enhance competitiveness and attract additional funding.

Areas of CGS or its component quality assessment:

1. Comprehensive CGS quality evaluation:

Analysis of key CGS components:

Shareholder rights.
Board of directors.
Executive management.
Transparency and disclosure.
Risk management, internal control, and internal audit.
Corporate social responsibility and business ethics.

Evaluation of internal and external communication efficiency.
Review of internal corporate documentation completeness.
Analysis of internal and external financial and managerial reporting.
Assessment of organisational structure and authority distribution among governing bodies.
Evaluation of governing bodies’ effectiveness.
Evaluation of the effectiveness of the Board of directors.
Analysis of automation levels in risk management and internal control systems.

2. Compliance review of internal documentation for the alignment with:

national and international standards;
listing rules (for companies on or planning to join organised platforms);
methodological guidelines for corporate governance;
other internal corporate policies.

3. CGS development and implementation measures (if required):

Defining a vision and strategy for CGS improvement.
Creating an action plan (roadmap) to implement or enhance the CGS.

Upon completion of quality assessment of CGS or its components, the client receives:

Comprehensive report on CGS quality or its specific components.
Action plan for CGS improvement.

Our advantages

Solid Reputation

FBK consistently takes top positions in RAEX largest industry ranking and other professional rankings.

Expert Team

FBK experts have proven expertise – audit diplomas, ACCA (DipIFR) certificates, IAB and professional accountant certificates from the Institute of professional accountants of Russia (IPAR).

One-stop shop principle

Each project is supervised by a dedicated project manager to ensure seamless coordination.

Key Persons

Roman Kenigsberg

Head of Internal Audit & Risk Management Services

With this service, you can also order

Methodological support for corporate governance systems

Corporate governance training and advisory

Risk diagnostics for projects and organisations