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
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
Creation of backup certification process and certificates
Creation of Corporate Disclosure Policy and procedures
Facilitation of initial procedure and
Assistance with creation of Disclosure Committee and its
and training of financial and operational staff
process and methodology
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.
to get started?