Corporate Governance plays a vital role in helping organizations achieve their goals, make accountable decisions, manage risks, and ensure compliance. However, the importance of implementing and adhering to corporate governance principles is sometimes neglected.

Corporate governance is defined as a set of rules and principles that govern the relationships among stakeholders, management, and the board of directors. While some may argue that these principles naturally unfold in daily operations, the significance of formally recording them, conducting regular board meetings, and maintaining transparent communication cannot be overstated. This culture should permeate throughout the organization.

Effective communication is essential, especially in larger or multinational companies. The formal mechanism of frequent board meetings is a crucial part of an effective communication system. In Malta, where the international tax landscape has evolved, having substance in business operations is increasingly important.

Board meetings are not only a requirement for good corporate governance but also demonstrate that the organization is actively managing its operations. For companies registered in Malta, conducting board meetings adds substance, dispelling any perception of being a shell company created solely for tax purposes. Contact Advisory Services , a licensed Corporate Services Provider in Malta, can assist in planning and coordinating these board meetings, ensuring compliance and transparency in alignment with global tax regimes.