Corporate Governance Assessment

1. CONTEXT

Corporate governance (CG) is a key driver of sustainable business growth and long-term competitiveness. Effective corporate governance enables organizations to better manage risks and navigate an increasingly complex and uncertain business environment.

At the same time, businesses are facing growing expectations from stakeholders, particularly investors, for greater transparency, accountability, and governance effectiveness. Regulators are also raising corporate governance standards to foster more transparent, resilient, and credible capital markets.

2. BUSINESS PROBLEMS

Companies preparing for an IPO, as well as listed companies, face a range of corporate governance challenges, including:

• Difficulty in identifying an appropriate governance model that aligns with the organization’s needs and strategic objectives.
• Governance structures that are not optimized in line with recognized good practices or the organization’s specific characteristics.
• Inadequate corporate disclosures that do not fully meet the information needs and expectations of investors.
• The absence of an effective risk management and compliance framework to support sound governance and regulatory compliance.

3. CGS’S APPROACH & METHODOLOGY

CGS adopts a holistic and comprehensive corporate governance assessment methodology based on widely recognized corporate governance frameworks and standards at multiple levels – from regulatory compliance to good practices in Vietnam, regional benchmarks, and globally recognized best practices.

The assessment covers not only the company’s internal governance policies and regulations but also its actual governance practices in operation. This comprehensive approach enables organizations to gain a clear understanding of their current corporate governance maturity and identify practical opportunities to strengthen and enhance their governance practices.

4. KEY CONSIDERATIONS FOR PRACTICAL IMPLEMENTATION

• Clearly define assessment criteria with reference to recognized standards and leading good practices.
• Secure strong commitment from senior leadership to ensure effective implementation.
• Integrate risk management into the governance and assessment process.
• Continuously update the assessment to reflect evolving regulations and emerging best practices.
• Use the framework as a self-assessment tool to evaluate the organization’s corporate governance practices.
• Conduct the assessment on a regular basis and use the results as a benchmark to measure progress in corporate governance over time.

5. ABOUT CGS

CGS Vietnam is a specialized consulting firm focusing on Corporate Governance, Sustainability (ESG), Risk Management, and Internal Audit. Established by a team of leading industry experts, CGS Vietnam is committed to delivering value to businesses across Vietnam through deep professional expertise, helping organizations strengthen their governance foundations and achieve long-term sustainable growth.

6. CONTACT INFO

CGS Vietnam Governance Consulting JSC

Email: [email protected]

Website: www.cgsvietnam.com

Phone number: +84 363 581 520

Address: 1st Floor, Handico Building, Pham Hung – Me Tri Intersection, Tu Liem Ward, Hanoi, Vietnam

For more information about our consulting services, please contact us: [email protected]