Corporate Governance

Why Choose Us?

(Currently being updated)

What is Corporate Governance?

Corporate governance is best described as the process of identifying and establishing protocols for ensuring continued legal compliance in a framework that also mitigates operational risk management issues.

We work with several clients across a multitude of industries advising on director’s duties and enterprise governance consistent with the rules imposed by operation of the Corporations Act 2001 (Corporations Act).

Adopting a holistic approach, we work with you and your enterprise to understand how it operates, the internal and external relationships with key stakeholders, existing policies, processes and systems and from that we can assess and provide practical advice on matters such as:

Asset protection strategies.
Directors duties, director exposure and risk management measures.
Mechanism and compliance for capital raising and debt funding arrangements.
Establishment of terms and conditions of use for enterprise services.
Competition and consumer law.
Privacy Act 1988 requirements including the notifiable data breach scheme.
Regulatory compliance with the Corporations Act and other external regulations.

How We Can Help

The Role of Corporate Governance

Corporate governance is also essential as a means of regulating and creating boundaries between ownership and control of an enterprise. This is to ensure that the expected functions of directors of an enterprise can legally and transparently perform their core functions.

We help by educating and creating recognition around the responsibilities of a director and then build a framework to ensure that the functions of directors can be fulfilled without conflict to their appointing shareholders.

Compliance has become critical in today’s times due to an ever-increasing layer of regulation, reporting and auditing requirements being imposed on businesses of all size.

Simply ignoring these requirements will most certainly damage not only an enterprise but in certain circumstances the directors of that company may also face personal exposure.

If you are concerned or have questions in relation to compliance and corporate governance our team can assist.

Beck Legal has extensive experience implementing systems and procedures for compliance across many industries. We can provide as little or as much assistance as required to help you protect you and your enterprise from exposure and financial loss.

Directors Duties

Compliance has become critical in today’s times due to an ever-increasing layer of regulation, reporting and auditing requirements being imposed on businesses of all size.

Simply ignoring these requirements will most certainly damage not only an enterprise but in certain circumstances the directors of that company may also face personal exposure.

If you are concerned or have questions in relation to compliance and corporate governance our team can assist.

Director’s Duty Resource – Are director’s liable for a breach of law by the corporation?

In our experience many directors consider that because they act through a corporate entity, they have no personal liability for the actions of their companies. This is not the case, as exemplified in the following case.

Director’s Duty Resource – ASIC takes action against Director for illegal Phoenixing

In 2017, ASIC and the ATO announced new measures would be implemented to crackdown on those engaged in phoenxing activity, including the introduction of director identification numbers which will allow authorities to track the activities of individual directors through various Government databases.