Business Advisory Services
Evaluation of the Board’s Performance
The performance evaluation is vital to determine the strengths and weaknesses of the overall board, its committees, and individuals to increase their effectiveness. A well-conducted evaluation helps the board and its committees assess their maximum potential, which is essential for the continuing success and sustainable growth of the company. Furthermore, the performance of individual directors and committees is evaluated to gauge their contribution towards achieving the strategic goals of the company. The points listed below are the key performance indicators considered when preparing the questionnaire for the board’s performance evaluation.
What we deliver
Company secretarial services include but are not limited to the following:
- Measure the level of awareness of key board responsibilities
- Establish the current baseline of the board’s performance
- Identify critical gaps in key areas of board effectiveness
- Measure degree of alignment among the board members
- Focus on high impact, low performance areas
- Enable board to quantify its interaction and effectiveness
- Create board effectiveness improvement plans, and
- Execute and follow-up on improvement plan.
The points highlighted above are the key performance indicators that are kept in mind when preparing the questionnaire for the board’s performance evaluation.
FAMCO has carried out independent Board Performance Evaluations for companies in the industrial and financial sectors of PSX, including banks. Our team consists of subject matter experts with experience in corporate governance and compliance issues. We have developed a comprehensive evaluation questionnaire, in light of the guidelines issued by SECP and SBP, to provide an independent perspective on comprehensive Board Evaluation.
Compensation and Benefits Survey
The objective of the survey is to determine the organization’s comparative position in the market in terms of compensation and benefits, achieve desired market comparability, and drive higher performance and productivity.
Our long-standing experience in compensation surveys and the tested contemporary methodology used by our co-consultants, combined with their on-ground presence and access to most comparators in Pakistan, positions them in a place of great strength to undertake these surveys and deliver the results efficiently.
Employee Engagement/Satisfaction Survey
Management of an organization always strives to improve the work environment and assess overall employee-employer engagement within the organization. The purpose of such surveys is also to identify HR pain points and devise an action plan to address them.
FAMCO has developed a detailed questionnaire comprising various sections to address every aspect of this survey from an HR perspective. Replies are received from employees through both online and physical means. A detailed report presents the survey’s outcome along with recommendations.
Feasibility Study
A feasibility study is carried out to assess the financial and operational viability of a new project. A feasibility study helps develop a plan. Without feasibility studies, the percentage of startups that fail would be higher. It is important to understand financing and cost-benefit assessments from an investor’s point of view.
FAMCO has conducted numerous market and financial feasibility studies for clients operating in various sectors. We have a dedicated team in this area of service, with both local and international experience of more than 15 years.
Business Valuation
The value of a business is derived solely from its earning power. This value, resulting from cash flows, will be achieved if the business continues in the future. It may be the liquidated value if it exceeds the value of the business as a going concern. In contrast, the net asset value resulting from an asset-based approach is of no relevance when determining the value of a business.
The business value is generally determined as the value of future earnings. The methods adopted for valuation are admissible by the Securities and Exchange Commission of Pakistan, the Pakistan Stock Exchange, and the courts of law in Pakistan. Furthermore, FAMCO ensures that the valuation exercise aligns with global standards. We follow international best practices, local regulatory requirements, and country-specific guidelines.
FAMCO Associates has been involved in numerous valuation assignments. An experienced team has successfully completed various valuations and amalgamation assignments. Our team is also an expert in financial modeling on Microsoft Excel, which is an integral part of comprehensive business valuation.
Development of Standard Operating Procedures
FAMCO has extensive experience in developing HR, operations, procurement, Fit and Proper Test (FPT) criteria, and accounting manuals for leading organizations in the public and private sectors. Specifically, the policies and procedures manuals have been developed for many large, reputable companies.
SoD Development & Review
Here, we make use of systems thinking to capture the complexity of systems addressed in design practice. The main mission that our experts will focus on during SoD development is to build the designers’ own interpretation and implementation of systems thinking. Therefore, we aim to enable systems thinking to fully benefit from design thinking and practice, and vice versa—allowing design thinking and practice to fully benefit from systems thinking.
Our experts aim to address designs for human activity systems, ensuring they can be applied to any design problem, ranging from product design and interaction design to architecture and decision-making processes, including policy design. We can assist with Enterprise Application Access Control and Segregation of Duties (SoD) Controls Development.
In addition, our experts are proficient in Segregation of Duties Review, which involves periodic checks by the system for any risks and violations associated with users or functions. Our team can help implement a layer of functionality that can be used both during the initial clean-up of risk violations and as a long-term strategy for reviewing and affirming previous mitigation assessments.
Through the performance of our SoD review, we will help your company automatically generate requests based on your internal policy. By conducting a SoD review, your company will benefit from a workflow-based review and approval process. We can assist with Enterprise Application Access Control and Segregation of Duties (SoD) Review.
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Why Choose Famco Associates
There are many differentiators that distinguish FAMCO from our competitors:
