Internal Governance Consultants - A Commercial proposal

Internal Governance Consultants - A Commercial proposal

In my post on Rumble Internal Auditors are passé Induct Internal Governance Consultants I explained, the ICGI Series #01 “Internal Auditors are passé Induct Internal Governance Consultants” companies would find useful in restructuring organizations for the future, overcoming the current challenges companies face.

Here are 5 key points summarizing the transcript:


1. I advocate for internal consultants focused on governance, rather than just internal auditors, to shift from accounting to accountability.

2. Companies should set long-term targets (e.g., for 2030) with 15% CAGR (Compound Annual Growth Rate) and CARR (Compound Annual Reduction Rate) for various metrics.

3. The importance of people management is emphasized, with the concept of “return on the intangible” measuring individual ethical responsibility and effort.
4. I propose organizing teams of five people, with one person responsible for ethical oversight as an internal governance consultant.

5. I do criticize current corporate governance practices as insufficient and suggest the creation of an Institute of Corporate Governance of India to improve standards.

I post herein a detailed version of the same idea
CorporateMOM ~ SOS Governance Standards
A certification scheme for fec [fiscal - ethical - co-responsibility]
report
A Commercial proposal. Podcast Episode 43:

Take a look.