Private Companies

Private companies are not immune to the problems plaguing public companies.  Investors, employees, and customers of private companies are not more forgiving of financial blunders or outright fraud.  Missed forecasts and restated financial statements can adversely affect the company's ability to raise capital, attract and retain both customers and employees, and actually lead to increased operating expenses.  Top-to-bottom ethics and a solid organization governed by sound policies, procedures, and controls will lead to a more profitable and respected company.

The Blue Sage Group’s private company governance offering provides an end-to-end assessment of your current governing structure, policies, procedures and internal controls.  This assessment will be used to design a comprehensive governance improvement package that builds on the current structure to create a more effective and efficient organization.  The implementation also meets the new financial reporting, process, procedures and controls regulations of the Sarbanes-Oxley Act of 2002. This offering consists of:

• Assessment and rating of the company's governance structure, policies, procedures and controls

• Planning and process development of a comprehensive compliance package which includes but is not limited to:

• Documentation and reviews of all internal processes, controls and procedures by functional area

• Creation and implementation of the required mid-quarter due diligence process

• Creation of backup certification process and certificates

• Creation of Corporate Disclosure Policy and procedures

• Facilitation of initial procedure and control review

• Assistance with creation of Disclosure Committee and its charter

• Implementation and training of financial and operational staff

• Measurement of process and methodology

• Annual follow-up

The service is focused on compliance but has the added benefit of providing CFOs and CEOs a complete overview of both current corporate management practices and executive alignment. In addition, the service links day-to-day operational events to the financials by identifying how those events impact current and future financials.

The Blue Sage Group provides an independent assessment that focuses on the operational aspects of your business while utilizing our financial expertise to identify risks and opportunities in your current structure, procedures, and controls. We also work with counsel to address the tax and executive compensation issues that are prevalent in today's business environment.

Have more questions on why your private company should implement tighter corporate governance controls?  See our Private Company FAQ.  

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