Our focus is to enhance not only quantitative but also qualitative corporate governance. Outside perception is important for market confidence and thus companies must be seen to practice sound quantitative corporate governance, namely to have the necessary trappings. However, we also encourage our clients to place equal emphasis on qualitative corporate governance, ensuring that all decisions are made with intellectual integrity, honesty and rigour and stand up to public scrutiny. The development of public sector boards and the appointment of non-executive directors is a relatively recent but vital part of this agenda. Only by embracing this true philosophy to governance is it possible to avoid scandals.

Thus, our firm pursues an integrated approach to corporate governance with our clients to ensure added value. Furthermore, the local authorities require us to maintain formal client acceptance procedures and in addition to those, local money laundering legislation has of recent date included lawyers, accountants and auditors as subject persons with corresponding duties with regard to knowing one’s client. It shall therefore be necessary to identify the ultimate individuals involved at ownership and management level of the entity that will be seeking to engage our services.