Corporate governance has become a concern beyond board rooms and executive suits as vivid details have emerged of companies that failed to protect the interests of shareholders, employees, creditors and customers.
“Corporate governance” refers to the set of rules applicable to the direction and control of a company. It is the duty of the board of directors to manage the company’s affairs exclusively in the interests of the company and all of its shareholders, within the framework of the laws, regulations and conventions under which the company operates. The board of directors is responsible for ensuring that proper rules of corporate governance are put in place. The board of directors is required to render account for its administration to the general meeting of shareholders.
The Lorenz corporate team has experience in advising public and private companies and their boards of directors on corporate governance ”best practices”. We advise clients in matters involving the responsibilities of directors and officers, crisis management, financial reporting, management succession, mergers and acquisitions, divestitures and compliance programmes.
We help our clients understand and implement governance practices that comply with the Kyrgyz Civil Code of 08.05.1996 #15, the Law “On business partnerships and companies” of 15.11.1996 #60, the Law “On joint stock companies” of 27.03.2003 #64, as well as with the various voluntary corporate governance codes prepared by different institutions and professional associations.