In today's complex business landscape, a company's board—be it a Supervisory Board or a Board of Directors—is the central hub for strategic oversight, risk management, and ultimate accountability. The decisions made in the boardroom have profound legal and financial consequences, placing immense pressure on members to navigate their roles flawlessly. A misstep in procedure, a misunderstanding of duties, or poorly documented decisions can expose both the company and its individual directors to significant legal liability and a loss of investor confidence. Our firm provides specialized Board Advisory Services designed to transform your board from a potential liability into a strategic asset. This service is critical for established companies seeking to enhance governance, rapidly growing businesses with newly formed boards, and companies that have recently taken on external investment.
Our support begins with a deep dive into the fundamental legal obligations of a director. We demystify the complex fiduciary responsibilities, providing clear, practical guidance on the Duty of Care and the Duty of Loyalty as prescribed by the Georgian Law on Entrepreneurs. This involves the obligation to act on an informed basis and the duty to act in the best interests of the company, avoiding conflicts of interest. We equip your board members with the knowledge to make defensible decisions, shielding them from personal liability.
An effective board meeting is a well-orchestrated, legally sound process. We provide end-to-end support, from assisting with agenda preparation and advising on proper notice procedures to ensure a quorum, to guiding the meeting according to the company’s charter. Our involvement ensures that the process for making critical decisions is as robust as the decisions themselves. The culmination of this process is the meticulous drafting of resolutions and minutes. A decision that is not properly recorded is a future legal risk. Our documentation is crafted to reflect not just the outcome, but the deliberative process, providing a clear record for auditors, regulators, and investors during due diligence. This is your company’s best defense and a hallmark of strong corporate governance.