Manufacturing holding:
Three separate businesses producing fasteners, batteries and sub-stations.
$150 million annual revenue.
1000 employees.
Business growth required setting up a corporate governance system to manage group business strategy, finance and people in line with the shareholders’ interests.
Revised holding and business units' strategies.
Designed and implemented corporate governance model, including performance management, budgeting and board of directors' agenda.
Redefined role of the management company, with selected finance, legal, IT and HR functions transferred to businesses.
Clearly defined governance and the role of the management company.
Implemented revised board of directors processes.
Improved transparency and reliability of corporate controls and performance management system.