Governance

Effective Corporate Governance TD&A recommends that families establish a governance process overseen by either a board of directors or a council of advisors responsible for supervising business operations management. We offer practical guidance and education regarding the board’s role, optimum board effectiveness, candidate recruitment, meeting procedures, and governance practices.
Click for articles “The Sarbanes-Oxley Act of 2002: Why it is Relevant to the Closely Held Family Business”; and “The Provisional Audit Committee”

Board Oversight and Audit Too often businesses operate with inadequate or nonexistent internal and external financial audit operations. TD&A assists clients with implementing board level oversight of their financial management and controls.
Click for article “The Provisional Audit Committee”

Family Governance Structures A formal governance structure such as a family assembly or family council allows the entire family to come together to discuss shared values, air differences, plan for the future, determine philanthropic goals, and more. TD&A creates the architecture for a governance structure and a "family constitution," which serves to establish the family's core values and commitments for future generations.
Click for article “Family Business Advisory Council: Purpose and Structure”