OUR WORK
Strengthening Corporate Governance for IPO Readiness
Helping an established technology services company strengthen and formalise its existing corporate governance arrangements in support of a wider IPO-readiness programme.
Background
The client provides IT infrastructure, managed services and application development services. As part of its preparation for a proposed public listing, it needed to build greater rigour around board oversight, decision-making, organisational accountability and compliance.
Stratenium was engaged to strengthen the company’s governance structures, policies and operating routines. The formal audit, legal and listing work was undertaken separately by the company’s appointed professional advisers.
Our Approach
Governance Readiness Review
Reviewed the existing governance framework, policies and processes with reference to the applicable corporate governance expectations, codes, ISO standards and relevant data-protection legislation. This helped identify areas where existing practices needed to be strengthened, formalised or implemented more consistently.
Board Composition and Independence
Assessed the existing board composition and advised the company on strengthening independent representation. We supported to broaden board oversight as part of the company’s roadmap for enhanced governance.
Governance Structure and Decision Rights
Supported the establishment of the relevant board committees, governance responsibilities and reporting lines; including enhancing existing reporting templates to be ready for public reporting.
We also developed an authorisation framework to clarify decision rights, approval thresholds and signatories across the board, respective committees, and management.
Policy and Process Strengthening
Reviewed and refined the company’s existing corporate governance policies and supporting processes, addressing identified gaps while aligning the arrangements with its operating context, and the expectations associated with a public listing.
Governance Implementation and Run-In
Helped establish the board and committees cadence, meeting agendas, papers, reporting arrangements, and supporting governance routines.
Training and working sessions were also conducted to bring the management and key employees up to speed on their responsibilities and to apply the strengthened arrangements consistently.
Outcome
The engagement strengthened the company’s existing governance foundations and greater rigour across board oversight, decision rights, approval authorities, policies and reporting routines.
The company also enhanced its independent board representation and established clearer committee structures and governance practices. These arrangements provided a stronger operating foundation for the wider IPO-readiness, listing and assurance work further undertaken by its other appointed advisers.
Getting Started
Reach out for a confidential initial conversation on how we can help.
Every engagement begins with a complimentary discovery session to understand your objectives, challenges and priorities. If we're not the right fit, we'll tell you honestly and, where possible, point you in the right direction.