ICAI — Institute of Chartered Accountants of India
A R Shankar & Co.,Chartered Accountants · Management ConsultantsCFO Advisory · AI Enabled
Solution 08

Governance & Board Advisory

Structure. Accountability. Trust.

Strong governance is not a constraint — it is a competitive advantage. We help organisations build the frameworks, processes, and culture that ensure accountability at every level and resilience against operational and regulatory risk.

You May Be Facing

The Business Problem

Governance challenges are often invisible until they become urgent. The board that lacks a risk framework, the family business with no succession plan, or the company preparing for an institutional investor — all face governance gaps that need to be addressed proactively.

  • Board structure and accountability are informal and undocumented
  • Risk management is reactive rather than structured
  • An external audit has raised governance or controls concerns
  • Business is scaling and governance has not kept pace
  • Preparing for an institutional investor who will conduct governance due diligence
  • Family business professionalisation requires a formal governance framework
What We Deliver

Capabilities Within This Practice

Corporate Governance Review

A structured review of governance structures, policies, and practices — identifying gaps and recommending improvements aligned to best practice.

Board Structure & Effectiveness

Board composition review, committee structure, and effectiveness assessment — to ensure the board is functioning as a strategic asset.

Risk Framework Design

Enterprise risk framework design and implementation — identifying key risks, owners, and mitigants across the business.

Internal Controls & Audit Readiness

Review of internal controls, process documentation, and readiness for internal or external audit.

Regulatory Compliance Review

A review of compliance obligations and the controls in place to meet them — with prioritised recommendations.

ESG Governance Foundations

Support for businesses beginning to build the ESG governance, reporting, and disclosure foundations their stakeholders will expect.

Building a Stronger Governance Framework?

A conversation to understand your governance maturity and what a structured improvement programme would involve.