What We Offer
We provide tailored solutions that drive strategic growth, enhance compliance and ensure effective decision-making. We empower organizations towards operational excellence and long-term success.
Review of Company’s compliance Level with Extant Regulations:
- Review of the Company’s compliance level with the Companies and Allied Matters Act 2020, NCCG 2018, Finance Act, Nigerian Exchange and SEC rules
Undertaking gap analysis on existing governance structure:
- Undertaking a gap analysis against the foregoing governance regulations and proffering steps to close the identified gaps, if any
Review of Governance architecture:
- Reviewing the entire governance framework and making recommendations based on global best practices.
Making Recommendations based on best global practices:
- Making recommendations to further assist the Board towards increased Board efficiency.
As part of the governance review process, we offer Board evaluation services. We believe that an effective Board is critical in ensuring a well-governed, well-directed and successful organization.
A periodic review of the Board’s performance and its Committees and benchmarking same against the relevant Codes of Corporate Governance and global best practice would help to provide assurance to the Company that its strategic apex remains above board and in tune with minimal acceptable standards set by the Companies and Allied Matters Act 2020, the Nigerian Code of Corporate Governance 2018, and other extant regulations, in the performance of its role.
On this engagement, we will provide a team of subject-matter specialists who shall ensure consistent high-quality service to. This team will be led by Tade Owodunni, and supported by Favor Udomessien, and Lilian Obiageli, who will oversee the engagement to ensure that your expectations are exceeded.
- Detailed review of the governance performance
- Director Peer Review
- Review of the draft Annual Reports and Accounts
- Assessment of the Board’s understanding of the Company
- Provision of feedback on the effectiveness of the Board and its Committees
With our expertise, we are able to analyze the entire gamut of the Company’s operations and governance structure towards identifying areas requiring improvement and making recommendations for improved overall efficiency.
- With an Understanding that Corporate Strategy remains an effective means to allocate a company’s resources, establish business expectations and improve a company’s competitive position as well as increase shareholder value. We are able to review Company’s short, medium and long term corporate strategy and make recommendations to further improve on its efficiency and impact.
- With our team of experts, corporate strategists, and Management Consultants, we are able to undertake a gap analysis of the Company’s performance, identify areas for improvement and make practical recommendations to improve the culture, bottom-line and overall efficiency.
- Our approach is to focus on Board Processes, Enterprise Risk & Internal Control, Governance Framework, People & Culture, Operational Efficiency, Customer and Environmental Factors.
- We also assist organizations organize their Board and Management retreats. This includes arranging the logistics, speakers, theme and other details to assist the Board distill the right strategy for the coming year(s).
Specifically, our Corporate Strategy formulation will involve:
- Coordinating periodic strategic environmental review: macro-economic, industry and regulatory trends, consumer behavior, new technology, and business opportunities.
- Managing the corporate performance process by identifying and developing metrics that are leading indicators of overall business health and success milestones.
- Driving the coordination and the development of periodic and relevant contents for Board and Management Strategy Sessions.
- Identifying cost optimization and efficiency opportunities, and measure and report results.
- Managing innovations and implementations. Improve Speed to Market in product development. Identification and optimization of cost improvement opportunities. Specifically, our Corporate Strategy formulation will involve:
- Developing the Company’s Innovation roadmap.
- Define relevant milestones and KPIs for Executives and Management Team in line with the Company’s strategic imperatives.
Our External Quality Assessment (EQA) of the Internal Audit Function is undertaken according to the standards of the Institute of Internal Auditors (“IIA”), Codes of Corporate Governance by the Security and Exchange Commission, the Financial Reporting Council of Nigeria (“SEC Corporate Governance Guidelines” and “NCCG”) as well as the leading practice in the company’s industry globally. This engagement is geared toward providing the client company with an independent view of the effectiveness of the internal audit function vis-a-vis IIA standards, regulatory requirements, and best practices. We will also benchmark the performance of the internal audit function against the Global Audit Information Network (GAIN) reports. At the end of the engagement, practicable recommendations will be proffered to address identified opportunities for improvement.
More specifically, our EQA engagement will involve the following:
- Assessment of the current level of performance of the client company’s Internal Audit function vis-avis the IIA.
- Assessment of the client company’s Internal Audit function vis-a-vis extant Codes of Corporate Governance (NCCG and SEC Corporate Governance Guidelines).
- Benchmarking the performance and organization of the Internal Audit function with GAIN parameters.
- Interviewing members of the Audit Committee, key business, owners, and members of the Internal Audit team.
- Providing an in-depth gap analysis of the client company’s Internal Audit function and developing clear recommendations on the changes necessary for optimal performance.
- Developing an action plan, with a clear schedule and milestones for implementation to bridge the gap
We assist client companies with organizing a formal induction programs for Directors. In line with Principle 13 of the NCCG 2018, we are able to assist the Boards of client companies with establishing a formal induction program for incoming Directors.
Specifically, our induction program will usually involve the following:
- Familiarizing incoming directors with the Company’s senior management, strategic plan, operations and business environment.
- Educating new directors about their responsibilities and fiduciary obligations to the Company.
- Enlightening the incoming Directors to new developments in the Company’s business and operating environment.
- Recommending and providing guidance on developing an annual Board Training Plan
Leveraging on our extensive network and previous relationships, we are able to assist our client companies with developing an effective engagement strategy with regulators. We help clients to manage risk and unlock value by engaging effectively with governments, regulators, and other external stakeholders.
Specifically, our regulatory engagement and compliance usually involves all or any of the following:
- Proactively advising client companies about any regulation(s) that may affect their business and recommending steps for compliance.
- Identifying, and building strategies for client companies to proactively engage with a broad range of external stakeholders; regulators, consumers, the media, local communities, NGOs, and financial institutions.
- Helping clients secure regulatory licenses, certificates and permits e.g. Expatriate Quota, CAC documents, CERPAC Card etc. We are also able to assist clients render monthly returns to regulatory bodies and governmental agencies.
- Helping client companies proactively develop and implement relationship building strategies with regulatory bodies.
- Helping client companies identify regulatory risks, set up controls to mitigate the risks, develop a compliance program/calendar to ensure the controls are being complied with, and advising on the efficiencies of the control measures.
- Setting-up effective and automated regulatory compliance programs and implementing effective monitoring mechanisms.
With extensive company secretarial experience, we offer excellent company secretarial services to client companies who have engaged us. We are able to provide outsourced company secretarial and governance services for companies willing to utilize company secretarial services but unwilling to set up an in-house team to the cost considerations.
Specifically, our company advisory/secretarial services will include the following:
- Scheduling and co-ordination of meetings of the Board of Directors, Board/Statutory Committees and shareholder meetings.
- Providing governance advisory to the Board.
- Preparation and distribution of minutes, Board packs and other documentation in respect of the meetings.
- Review of the Annual Reports and Accounts with specific focus on the governance
- Filing of all statutory returns, including annual returns, relevant resolutions, changes in the composition of the board or the shareholding structure, or charges against the company’s assets
- Maintaining the corporate seal and statutory registers (including minute books, register of Directors and their interests, share certificate booklets, etc.).
Kaizen Academy offers diverse capacity building training programs for company secretaries, in-house counsel, Directors, Finance Managers, Executive Management as well as key functions in the corporate governance framework including the members of the Audit Comittee, Internal Audit, The Company Secretary and other senior management officers.
Our training programs are facilitated by renowned experts who are carefully selected based on their experience and expertise. Some of the offered training programs are in the following categories:
- Company Secretarial School
- Director Developement
- Open Enrolment Seminar & Workshops
- Induction and Training for Directors, Company Secretaries, and Senior Management
- Offshore Bespoke Trainings
- Audit Committee Trainings
- Board Strategy Session & Retreats
- Implant Board/Management Trainings
Additionally, we are able to offer trainings in other areas of interest. We also have arrangements with subject matter experts to facilitate on various topical issues.
