Our Services
Governance, Risk & Compliance
After a slew of scandals that resulted in loss of investor confidence, there is a need for greater transparency and accountability among companies. With increased focus on governance and controls, it is critical for organisation to assess the adequacy and effectiveness of their risk management, governance and control arrangements.
As your business partner, we offer the following suite of solutions:
- Internal Audit Outsourcing & Co-Sourcing
- Internal Control Review
- Corporate Governance Review
- Risk Management Framework Review
- Quality Assessment Review on Internal Audit
Advisory
All businesses face an increasing number of uncertainties through time and these can significantly challenge even the best organisations. Putting in place a sound internal control system is fundamental to an organisation’s success as it gives the stakeholders comfort that the organisation’s assets and their investments are kept in good hands.
As your business partner, we offer the following suite of solutions:
- Pre-IPO Internal Control Review
- Anti-Bribery Gap Review
- Drafting of Policies & Procedures
- Drafting of Sustainability Report, Corporate Governance Statement and Statement on Risk Management & Internal Control
Scrutineering for General Meetings
In order to enhance transparency and integrity of Annual and Extraordinary General Meetings, the Listing Requirement of Stock Exchange requires an independent scrutineer to be appointed to validate the votes cast at the general meetings.
The scrutineer must not be an officer of the listed issuer or its related corporation, and must be independent of the person undertaking the polling process.
As your scrutineer, GovernAce will ensure voting have been undertaken properly by:
- Validating the Proxy Forms received with the Record of Depositors
- Ensuring the votes are accurately captured in the Polling System
- Validating the votes at the General Meetings
Accounting Outsourcing
Businesses are always under intense time and cost constraints. As a result, most company owners find it difficult to be completely in control over everything especially the non-core function such as accounting. Outsourcing the accounting function may result in:
- Less hassle of hiring, training and managing an in-house accounting team.
- Resources can be devoted to activities that are related to business expansion and increased profitability.
- Keeping the accounting information private and confidential
As your business partner, we offer the following solutions:
- Preparing and maintaining of book-keeping
- Preparing of financial statements (Profit & Loss and Balance Sheet)
Payroll Outsourcing
Administrative and back-office activities such as payroll are non-core functions which generally do not generate profits to the organisation.
Ideally, outsourcing payroll achieves the following:
- Frees up time and resources to focus more on core business.
- Gives access to technology and expertise to perform payroll well.
- Reduces costs.
As your business partner, we offer the following solutions:
- Calculation of monthly payroll
- Preparing statutory contributions and monthly tax deduction to the authorities
- Calculation and transfer of net pay into the employee’s bank accounts via client trust account
- Provision of monthly payroll summary to authorised personnel and preparation of pay slips
Training
Training is the foundation for creating value in organisation as it prepares the staff to contribute positively to the organisation.
The Listing Requirement of Stock Exchange has also required that all Board of Directors for companies listed on the Exchange attends training on a continuous basis.
As your business partner, we can customised our training topics to cover the following areas:
- Corporate Governance
- Risk Management
- Internal Controls
- Anti-Bribery