Collier Corporate Governance Essay

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Recommended: Analyze corporate governance

Corporate governance receives close scrutiny from private, institutional investors and competing firms. The structures and process associated with decision-making, controls, accountability, monitoring and production activities of organizational agents behaving in the best interest of shareholders and stakeholders, is the framework for corporate governance. The quality of the firm’s corporate governance affects multiple layers within operations, finance and value. The poorer quality of corporate governance firm carries will lead to depressed value and low efficiency.

Looking at Colliers International Group Inc., the board of directors has established the committees dedicated to ensuring the execution of its’ corporate governance objectives. These committees are as follows: Audit & Risk Committee, Executive Compensation Committee, and Nominating & Corporate Governance …show more content…

The work of the committee is to review the activity of the internal and external audits that prepare and audit the company’s financial statements, respectively. As internal audits add value to providing effective oversight of the control environment, the presence of external audit compliance signals that management and the board supports strong and effective risk management and corporate governance alliance. The financial statements are audited by PricewaterhouseCoopers LLP, as stated in Collier’s 2015 Annual Report (10-K), “Our responsibility is to express an opinion on these consolidated financial statements and an opinion on the company’s internal control over financial reporting based on our integrated audits”. In addition, the Audit and Risk Committee reviews Collier’s insurance policies and offers an opinion on risk exposure and potential areas of concern related to strategic, compliance, operational and finance

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