We have expertise both locally and internationally on;
- Structuring Corporate Governance mechanisms in the organizations,
- Performing Independent Board Performance Evaluation services,
- Developing Sustainability Strategies with integrated thinking approach and aligning it with organization’s core strategy,
- Implementation of Integrated Thinking and Reporting approach in the organizations.
ARGE has conducted the largest number of Board Evaluations in Türkiye so far
The below article on Board Evaluation has been published in Turkish Corporate Governance Association’ Magazine.
Contributing to the Corporate Governance literature
A World First
ARGE has been instrumental helping Kadıköy Municipality prepare their Integrated Report which is the first Integrated Report published by a municipality in the world.
B20 Governance & Sustainability Knowledge Partner
ARGE has been selected as a B20 Knowledge Partner (Governance and Sustainability) in 2015. ARGE has the honor of being the only national consulting company to have served as a Knowledge Partner for B20.
Trust is the Essence of Good Governance
Governance is the process of decision making and the processes by which decisions are implemented and monitored.
Principles of good governance (CRAFTED)
Consistency: Companies need others’ resources for their operations. Consistency in behavior and decision making is the basis of trust. Consistency improves the resilience of the companies and their value chains.
Responsibility: Decisions need to be made in a responsible manner by considering needs, expectations and demands of the stakeholders.
Accountability: Disclosure of results of activities and decisions made by the organization in transparent manner. Being accountable from the results.
Fairness: Being fair to all stakeholders.
Transparency: Being transparent on financial and non-financial issues starting from decision making processes, activities and performance. Trust of stakeholders could be obtained by being transparent.
Effectiveness: Effective utilization of resources to reach the targets.
Deployment: As each decision maker within the organization has an important role in establishing the reputation of the corporation, deployment of these principles throughout the organization is important for having a successful corporate governance.
Board is the most important decision-making body in an organization. The board is responsible from directing the company through its strategy and oversight of the operations.
An effective board needs to have the right people with skills, attitudes and diversity and these people need to form an effective team.
Board can make a sound decision if it has right decision-making processes, right information sharing systems and strong culture. Effectiveness of board improves quality of decision making at the board.
Performance of the board could affect the performance of the company. Therefore, performance of the board needs to be measured and improved. Board evaluation is a self-evaluation process. Third party would make this process more effective with satisfaction confidentiality. Improvement areas could be determined, and necessary actions could be taken after the process.
Participatory and inclusive decision making, value creation for all stakeholders and protection of the World are the issues of Sustainability. Organizations:
- Are part of the society and need to create value for it.
- Need to preserve environment for the survival of humanity and the planet itself.
- Need to be profitable to survive and create value for all.
The above explanation shows the strong relation between governance and sustainability.
A successful sustainability performance could be achieved with adoption and implementation of integrated thinking approach. Integrated thinking is understanding the interaction between:
- Different resources utilized by the company,
- Different departments and operations of the company,
- Company’s priorities and stakeholders’ expectations needs and requirements and creating value by taking into consideration of these interactions.
Integrated thinking approach requires participatory decision making with all key stakeholders and continuous stakeholder engagement. Integrated Report is the reporting media to communicate the integrated thinking approach of the organization.
Sustainable Development Goals have been ratified by close to 200 world leaders in 2015 at the General Assembly of the UN. These goals are the problem areas that solutions need to be developed and implemented. A collaborative effort by public and private sector, and civil society is needed to achieve these goals due to resource constraints. Sustainable Development Goals are the strategic opportunities for the private sector since if a solution for a problem has been developed by a company that achievement could create a profitable growth and strategic breakthrough.