Scope of services
Corporate governance focuses on building internal rules and mechanisms applying to individuals, units and departments, through which a business is managed and controlled effectively in accordance with its leadership’s intentions.
As the market economy develops strongly, businesses increasingly need a rigorous, effective governance system as a foundation for stable, long-term development and stronger competitiveness against domestic and international companies. Wasting money and personnel on a cumbersome, ineffective management structure threatens any business’s success.
Penfield’s lawyers have many years of experience in in-house legal practice and as heads of legal divisions at major Vietnamese businesses, giving them a deep understanding of how businesses of different types and sizes operate. Penfield has also advised a number of state-owned enterprises on corporate governance.
We can therefore work alongside clients as a trusted partner to improve governance and operations, address management issues consistently and coherently, and help businesses develop and achieve their shared objectives.
Our corporate advisory services include:
- Advising on business organisation to meet owners’ and managers’ requirements for capital and governance structures;
- Developing, reviewing and improving internal management regulations;
- Developing delegated-authority systems between positions and departments and advising on legal issues relating to their powers and responsibilities;
- Establishing mechanisms to inspect and control business activities;
- Advising on ways to limit risks in business management and operations.