Family and Business

A vital function to define, keep and foster institutional trust and character

Our ambitious clientele looking for global standards require governing and operating structures that support their vision. Our practice of Business Governance handholds them in fulfilling their ambitions through an extensively designed governance implemented with a team of global experts.

What Business governance is and how does it help?

Governance is about the time you dedicate to work ‘on’ your business rather than ‘in’ it. This includes all the checks and balances you put in place to ensure that your business runs smoothly, meets its objectives, and stays out of trouble.

Governance also means getting expert advice on matters you don’t yet know enough about, plus the support required when making big decisions. Governance includes all the practices, processes, and policies that help you guide your business in the right direction. Any task that focuses on the ‘big picture’ is part of Business Governance.

How Governance Helps

Safer & faster decisions
Risk mitigation & management
Improve trust and character
Attracting better clients & talent
Ensuring control, continuity, and performance

How SOCH can help

This practice of SOCH helps our clients to build an enterprise-wide system for trust and character. Most family businesses in India lack systemic-level governance, making it difficult to grow beyond a certain level. This practice has helped our clients develop mechanisms to ensure control, manage risks and diversify with ease and efficiency. Governance may seem less important, but in reality, it is a critical function for businesses to avoid unwarranted loss of financial capital, human capital, morale capital and social capital.

Our practice of Governance includes:

Design and implementation of family governance

Design and implementation of business governance

Design and implementation of corporate governance

Establishing enterprise-wide control, assurance, guidance, and compliance

Developing the business risk management strategies

Protecting the identity and financial risks

Culture of adherence with governing policies and rules

Setting the context for direction for leadership

Stipulate the investment case, business case and a growth case

Developing the skills and mental muscles for governance

Ensuring benefit realisation as per the investment case

Spearheading the enterprise roadmap for capital and identity management

Facilitating working groups, knowledge groups and various forums for internal compliance

Developing risk management committee for new markets and new growth opportunities

Building and managing office of strategy management

Building and managing office of program and portfolio management

Developing monitoring, measuring and control systems for business performance

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Time for Spiritual Commerce has come.

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