HLB Hodgson Impey Cheng

The importance and value of good corporate governance in companies has long been recognized. The concept embraces establishing effective internal controls and risk management within companies and is well recognized and supported world-wide. The Committee of Sponsoring Organizations of the Treadway Commission ("COSO") has also established fundamental guidelines as to how companies should be directed and controlled.

Successful enterprises understand and manage risks associated with their businesses and operations. We believe that good corporate governance relies on a good culture, and setting the right "tone at the top". Commitment is certainly required, and those at the top must accept that there are changes to be made and reallocate resources to incorporate those changes.

How our services benefit you - steps for a basic framework

There are innumerable internal control measures available and risk management can take on a wide scope, and is not confined only to financial risk management. We can provide practical advice for your business such that achieving effective corporate governance can be done in the most cost-effective manner.

1.	Planning – taking a bird's-eye view, we aim to understand the functions and responsibilities of each department/division, and walk-through systems, observing controls
2.	Identify, assess and prioritize risks – financial risks, operational risks, strategic risks, environmental and others
3.	Quantification of risks – if at all possible! Assessing probability and measuring potential impacts and relationship between risks enables better risk management
4.	Adoption of organizational and financial strategies, and assessing implementation and effectiveness
5.	Training & Communications – as a continuing exercise to ensure effectiveness
6.	Monitoring – periodic review, internal audit functions
7.	Review & feedback – by far the most important

The HLB Hodgson Impey Cheng Group Advantage

As a division of the HLB Hodgson Impey Cheng Group, a firm of Certified Public Accountants, Consultants and Business Advisers, we can offer a formidable range of additional professional services. HLB Hodgson Impey Cheng has a history in Hong Kong of over 60 years.

Our association with HLB International provides access to first class audit, tax and advisory services globally. HLB International is a global network of independent advisory and accounting firms. Through the power of 32,839 professionals across 159 countries, we combine local expertise and global capabilities to serve client needs. HLB firms are locally established with deep roots in their local communities yet are closely connected with professionals from across the world.

Contact

Raymond Cheng - Chairman
Jonathan Lai - Risk Management Director
Alex Hon - Managing Director
Wilkie Au - Director
Davis Yu - Director
David Hui - Director

HLB Hodgson Impey Cheng Limited
31/F, Gloucester Tower, The Landmark, 11 Pedder Street, Central, Hong Kong SAR

Tel	:	+(852) 2810 8333
Fax	:	+(852) 2810 1948
E-Mail	:	hic@hic.com.hk