MTI  Consulting launches Corporate Governance Audit

The Legal & Governance Consulting Unit of MTI Consulting has researched and developed a Corporate Governance Audit Tool, which is being rolled-out to the Sri Lankan Market.

This was announced at a recent media interface by Yatila Wijemanne, the Senior Business Analyst - Legal & Governance Consulting Unit of MTI Consulting.

MTI Corporate Governance tool will evaluate the standard of Corporate Governance within companies with special focus on evaluating the inter stakeholder relationships such as employees, creditors and shareholders.   

Yatila Wijemanne said, “Companies complying with principles of good Corporate Governance have seen a significant inward boost of foreign investment and substantial recognition from the international and national community. Empirical and secondary understanding points out that certain companies practice principles of good governance, but inherent weaknesses limit them from full maximization. MTI’s – CGA will be a vital tool in identifying areas for further improvement within companies’ current Corporate Governance structures.”   

The structure of Corporate Governance is vital to ensure the smooth functioning of a company and the business as a whole. Creditors, shareholders and the public have been questioning the effectiveness of laws and regulations concerning governance within a company, and specifically for Sri Lanka, a number of finance companies have failed mainly due to inadequacies within the system of governance.

“In a global environment where ethical forms of governance are vitally important the corporate sector should independently evaluate their system of governance and enhance their standards accordingly,” added Yatila Wijemanne.

MTI Consulting is an international strategic management consultancy with operations in Bahrain, Dubai, UK, India, Austria, Pakistan, Sri Lanka, Malaysia, Mexico and Bangladesh. MTI has provided solutions to clients in over 275 projects in 33 countries across 5 continents.