Learn how to set and evaluate CEO performance goals in an LLC. Discover SMART goals, board oversight tips, and examples for measurable CEO success.
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Learn how to host effective board meetings with our step-by-step guide. From choosing the right venue and scheduling to setting agendas, facilitation, and engagement, this article provides practical strategies to improve boardroom dynamics and decision-making. Discover best practices in corporate governance to keep directors focused, compliant, and aligned with your organization’s mission.
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Running a business in Ghana is exciting, but it also comes with important compliance obligations that every company must follow. One of the most critical is Beneficial Ownership (BO) filing, a legal requirement under the Companies Act, 2019 (Act 992).
Unfortunately, many business owners and directors are still unaware of what BO filing is, who needs to comply, and the consequences of missing the deadline. At Scribe Advisory & Consulting, we help companies stay compliant and avoid costly mistakes.
In this guide, we break it down for you.
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Wondering whether to write a will or set up a trust? In this article, we break down the key differences between wills and trusts in Ghana, and explain why more families, entrepreneurs, and high-net-worth individuals are choosing revocable living trusts to protect their assets, avoid probate, and maintain privacy. Learn how trusts work, what challenges they solve in the Ghanaian legal system, and whether it’s the right estate planning tool for you.
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Stricter oversight is here. The Bank of Ghana has rolled out new corporate governance rules that all fintechs and payment service providers must comply with by December 31, 2025. This article breaks down exactly what the new regulations require from board composition and independent directors to committee structures and mandatory approvals. Whether you're a startup or a licensed PSP, this guide will help you understand the key changes, avoid compliance pitfalls, and build a governance framework that positions your business for long-term success.
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Thinking of starting a business in Ghana? Discover the top 10 things every entrepreneur, investor, or diaspora founder must know before incorporating. Learn how to navigate Ghana’s regulatory landscape and set your business up for success with expert insights from Scribe Advisory.
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Discover how forward-thinking fintechs are turning Ghana’s regulatory framework into a strategic advantage—unlocking trust, growth, and regional expansion.
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Why Are Companies Still Afraid of Africa?
Despite the growing global interest in Africa's markets, many international companies hesitate—or fail—when trying to expand into the continent. This article unpacks the common excuses holding businesses back, the real reasons behind their struggles, and the missed opportunities that could define the next era of global growth. If you're serious about tapping into Africa's potential, start by understanding what it takes to succeed—and what mistakes to avoid.
👉 Read the full article.
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Hiring Expatriates in Ghana: Work & Residence Permit Compliance
Bringing foreign talent into your company? Employers in Ghana must follow strict immigration compliance rules when hiring expatriates, from securing work and residence permits to handling terminations correctly. Failure to comply can lead to hefty fines and legal liabilities. This guide breaks down employer and employee obligations, key compliance steps, and how to avoid costly penalties.
Stay informed and ensure your business remains compliant—read on for everything you need to know about managing expatriate employment in Ghana.
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Bringing new board members on board is more than just an introduction—it's a strategic process that ensures they are equipped to contribute effectively from day one. This comprehensive guide to onboarding new board directors covers best practices, key onboarding steps, and essential resources to help them integrate seamlessly. From formal announcements and mentorship to board training and governance frameworks, learn how to create an onboarding experience that drives board cohesion, enhances decision-making, and strengthens corporate leadership.
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This article examines the legal steps for ensuring a smooth director removal process, emphasizing the importance of due process, reviewing governance rules, engaging legal counsel, thorough documentation, and adherence to labor laws.
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The Board makes strategic decisions that shape an organization's future. It can drive success but also expose the company to legal risks. Governance failures can lead to legal disputes, financial penalties, and reputational damage. Boards neglecting responsibilities may face regulatory scrutiny, shareholder lawsuits, and criminal liability. This article discusses five key roles that Boards must take on to avoid legal trouble.
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Last Thursday, Scribe Advisory hosted a workshop on SME Contract Law and Corporate Governance, tailored for the Interior Design Association of Ghana (IDDG). The session focused on equipping interior design professionals with practical tools to draft enforceable contracts, manage risks, and build effective governance frameworks. Key topics included legal essentials, governance best practices, and strategies for resolving disputes. Participants actively engaged in discussions, sharing insights and applying lessons to real-life scenarios.
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Understanding the duties of a Board of Directors is crucial for anyone involved in corporate governance or business management. In this article, we break down the key responsibilities that directors hold under Ghanaian law, including fiduciary duties, risk management, accountability, and more. From protecting shareholder interests to ensuring ethical and legal compliance, each duty plays a vital role in a company's success and sustainability. Whether you're a seasoned board member or new to the role, this guide provides essential insights into the standards and expectations that uphold trust and integrity at the highest levels of corporate leadership.
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Corporate governance is changing fast, and boards need to keep up. In our latest article, "Emerging Corporate Governance Trends Every Board Should Know," we break down the most important shifts happening right now—from the rise of ESG and diversity to navigating cybersecurity and stakeholder expectations. Whether you're a board member or a business leader, these insights will help you stay ahead and make smarter decisions for the future. Don't miss out on the key trends shaping the boardroom today!
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"Corporate governance is crucial for effective business management, as it ensures that companies operate with transparency, accountability, and ethical practices. One key but often overlooked role in this framework is that of the Company Secretary. The Company Secretary is not just an administrative officer but also a key player in enhancing governance structures, compliance processes, and board effectiveness. Discover the vital functions of a Company Secretary in this insightful article, designed to guide you in assessing the necessity of having one for your business.
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A family office is a private wealth management advisory firm designed to serve the complex financial needs of high-net-worth individuals and their families. Beyond traditional financial planning, family offices offer a comprehensive suite of services, including investment management, estate planning, legal services, lifestyle management, and philanthropy. This guide explores the benefits of family offices, their various structures, and why they are essential for preserving wealth and ensuring a seamless transition across generations.
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In Ghana, share certificates and company registers are essential tools for maintaining corporate transparency and compliance. Share certificates confirm ownership of shares and must be issued within two months of share issuance, as per the Companies Act 2019. The process of transferring shares involves several meticulous steps to ensure legality and proper documentation. Additionally, maintaining detailed company registers—including those for directors, secretaries, shareholders, and auditors—is crucial for effective governance. These practices not only ensure regulatory compliance but also foster trust and accountability within the corporate environment.
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