Legal Advice

Regulatory Compliance & Corporate Governance

Regulatory compliance and corporate governance are no longer a voluntary retreat for companies. It has become a dynamic, complex business challenge difficult to comply with, due to being in a state of constant flux. The pace at which new laws and regulations are being introduced, to attain greater levels of transparency, objectivity and professionalism further intensify the difficulty of the compliance process. Volume and scale of regulatory reforms put pressure on a corporate to manage the ever-changing complex compliance functions. Increasing coordination among enforcement agencies across jurisdictions and extra territorial laws like FATCA, UK Anti-Bribery and Corruption Act, etc. have made cross border convictions possible.

Stakeholders expect the corporate entity to bring in accountability and limit its exposure and liability which provides visibility and certainty over affairs of the management and a foresight about regulatory action.

In this crucial landscape, it becomes critical for corporates to manage their affairs in such a manner that all regulatory compliances are ensured at the highest level without creating a significant hindrance to the day to day operations of the company. To ensure compliance with regulations a corporate needs to make sound policies and set processes/procedures for its implementation at appropriate level. The policies, processes and procedures should also ensure that timely disclosure of specified details, events and material information to the regulators and other stakeholders. Failure to do so may entail heavy penalties and loss of reputation and sometimes loss of business as well.Lawyers at ILC possess requisite skills and expertise in guiding corporates with compliances pertaining to Qatar Financial Center Laws, Laws of State of Qatar and Indian Laws.

Legal Advice

We can also guide corporates to comply with the requirements of State Audit Bureau of Qatar. ILC being a full service law firm helps corporates from the stage of drafting of charter/constitutional documents, viz. Memorandum and Articles of Association, Shareholders’ Agreement, Share Purchase Agreement to guiding them in setting up effective corporate governance policies and procedures for Board of Directors and Executive Management which ensures compliance of applicable laws, rules and regulations and in line with acceptable and recognized best international practices. ILC also undertakes comprehensive due diligence of institutions which includes review of existing documents and suggest suitable changes or modifications to be in line with current laws.

From board training to drafting governance framework, ILC can assist the management to identify the applicable laws and regulations to better understand the regulatory perspective and come up with a sustainable way to ensure compliance and corporate governance. Such corporate governance shall in turn protect the stakeholders in general and the company in particular from potential liability and reputational harm.