Corporate Governance
Proper corporate governance requires balancing the interests of the many stakeholders in a company. These include the company’s shareholders, management, customers, suppliers, lending institutions, government and the community.
Underpinning the interactions of each stakeholder is the basic tenent of trust. Sound corporate governance not only lays the foundation for trust but builds a path to greater corporate success.
Ensuring the varying needs of each stakeholder is made even more complicated in a developing market where the regulatory environment and rapidly changing economic landscape can turn a balancing act into a juggling act.
Understanding governance from both a Vietnamese and an international perspective allows Serica to build a bridge between what sometimes appears to be conflicting priorities.
We have in-depth knowledge of local market sensitivities and governance requirements and use this knowledge to assist public and private companies and their stakeholders to create a positive working environment based on accountability, openness and transparency, evaluation and commitment, using recognized standards of sound corporate governance.
Risk Management
Without risk our businesses, and our world, wouldn’t move forward. Risk is a part of life. Understanding risk and assessing its impact, whether positive or negative, on a company’s strategic, operational and tactical goals is paramount in today’s ever-changing business environment.
Entering new markets carries with it inherent risks for an organization. New regulations and compliance hurdles, competitive threats, environmental issues, legal and finance risks all impact on an organization ultimate success.
But risk shouldn’t just been seen as something that should be mitigated. Proper risk management can assist an organization to identify and exploit the opportunities that uncertainty brings. Risk awareness can protect the downside but provide a company with substantial upside.
Serica’s holistic approach to enterprise risk management helps an organization understand Vietnam specific risks and embed relevant risk management techniques across functions such as finance, human resource, procurement, compliance and sales.