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
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 Latest Insights
Family constitution and family governance increase your acceleration for hyper business growth. Rhetoric, but let us ask: Should you care to have your family constitution & governance? In our work as a specialized consultant to global UHNIs & HNIs of family enterprises, we learned that mainly Indian family businesses are on the brink of permanent success with
The difference of the above three creates or destroys family businesses beyond their 2nd or 3rd generation Truth #1: Family business focusing on earning money get money. Truth #2: Family business focusing on earning money get wealth. Truth #3: Family businesses focusing on creating a dynasty that lasts for generations in love, harmony and wealth get exactly what they live daily
Undoubtedly, Indian family businesses are going through a perfect storm of changes in the business environment, the political landscape, the supporting forces of the west, the technology upheaval, our country’s internal ecosystem restructuring and the shift of power from the far east to India. This perfect storm presents an unprecedented opportunity for those who choose