Perth Business Consultants - Fides Consulting Pty Ltd

DUE DILIGENCE


The term Due Diligence refers to a detailed independent investigation of a business contract or decision, which facilitates the informed decision making process.

Independence is extremely important in due diligence. It brings a “set of eyes” one step removed from the business to review and consider all substantive issues which may have an impact upon a balanced decision by the decision maker.

Fides Consulting can provide independent Due Diligence services in a whole range of situations and decisions. We conduct our review in a highly sensitive and confidential manner and provide a comprehensive report of our findings to the client.

MERGERS AND ACQUISITIONS


Mergers and Acquisitions (M&A) require a thorough understanding of the target entity. It encompasses the areas of corporate finance, economics, internal financial accounting, management and strategy that, when combined, bring together two companies with a perceived compatibility and achieves the suitability and fit test.

Effective due diligence is central to the success of an M&A - statistics show that 70% of M&A fail because they did not meet the suitability and fit test.

The M&A principles are also relevant to asset acquisition.

If you are contemplating growing your business by M&A or asset acquisition, Fides Consulting has the skills, experience and independence of thought to assist you in achieving a successful outcome.

CORPORATE SOCIAL RESPONSIBILITY REPORTING


Corporate Social Responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. CSR is about how companies manage the business processes to produce an overall positive impact on society.

In today’s economic environment, society and particularly investors expect companies to be socially responsible and report annually that their commercial activities are, in fact, sustainable or morally ethical. This concept does not just apply to ASX listed companies, it applies to all companies seeking to raise capital from investors.

At Fides Consulting we can develop Sustainable Reporting Guidelines and Reports for presentation to existing or potential investors.

REQUESTS FOR ADVICE


A request for advice requires the correlation of substantive matters of fact preparatory to, and in support of, a request for formal legal opinion or advice in relation to a dispute. This process sets out the factual basis that a party may seek to rely on in support of their allegations (in all forms) to ground a complaint against another.

Engaging Fides Consulting to develop and present a comprehensive request for advice to a solicitor has the potential to save clients thousands of dollars in legal fees.

STATUTORY APPROVALS

Many businesses and organisations today require an official approval, licence or a permit by law (State and/or Federal) for the right to engage in certain activities.

Fides Consulting has a broad knowledge in dealing with such statutory and regulatory authorities. We embrace working with and developing a close relationship with all statutory authorities and have achieved positive results.

We have experience with the following statutory and regulatory authorities:

  • Local Governments
  • State and/or Federal Government Departments (mines, environmental, planning, water)
  • Main Roads Western Australia
  • State Administrative Tribunal

Making sure that your business meets all statutory approvals and requirements is not only a risk mitigation but also adds value to your business.

In a competitive environment, it is important for business owners to stay focused on the primary objective of the business and not become distracted by the bureaucratic process required to obtain approvals. Fides Consulting supports and develops the business objective by undertaking comprehensive approval processes.

CORPORATE GOVERNANCE


Corporate Governance is a broad-ranging term which, amongst other things, encompasses the rules, relationships, policies, systems and processes whereby authority within organisations is exercised and maintained.

The governance attributes of an organisation are moulded by a variety of factors, both “internal” (e.g constitution, organisational policies) and “external” (e.g. laws, regulations, community expectations). Effective Corporate Governance can, if approached correctly, improve corporate performance and function as a risk mitigation process.

Fides Consulting can help business owners embrace Corporate Governance framework principles to establish and monitor compliance.

CORPORATE COMPLIANCE


In today’s commercial world, Corporate Compliance is a major issue that permeates through many small to medium businesses. Businesses and organisations often see compliance as an unnecessary cost, but when viewed from another aspect, it can be seen as a benefit.

Corporate Compliance is the need to adhere to established guidelines or specifications to help prevent and detect violations of laws and regulations.

Compliance is a prevalent business concern, partly because of an ever-increasing number of regulations that require companies to be vigilant about maintaining a full understanding of their regulatory compliance requirements. Legal liability may arise as a result of non-compliance.

Fides Consulting can formulate and develop internal systems to establish and monitor compliance.

INTERNAL MANAGEMENT ACCOUNTING


This refers to the process of preparing internal costing structures that form the basis for decision-making, such as “what are the actual costs of overheads to be applied to a particular project within the budget process”.

The budget typically brings together fixed and variable costs vs sales projections. The Cost - Volume - Profit and Full Costing models contribute to understanding initial variance between budget and actuals.

Budget estimates support internal control structures; it allows the executive to influence and exert control over their business activities.

Fides Consulting has developed effective financial management processes to ensure accurate budget preparation and executive control across all aspects of business operations.

PROJECT MANAGEMENT


A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources. A project is unique in that it is not a routine operation, but a specific set of operations designed to accomplish a singular goal.

The project team often includes people who don’t usually work together – sometimes from different organisations and across multiple geographies and all must be expertly managed to deliver on-time, on-budget results, together with the learning and integration that organisations need.

The project team often includes people who don’t usually work together – sometimes from different organisations and across multiple geographies and all must be expertly managed to deliver on-time, on-budget results, together with the learning and integration that organisations need.

Fides Consulting has considerable experience in undertaking project management to meet organisational objectives.

FEASIBILITY ASSESSMENTS


Feasibility assessments consider and bring together the various issues to be considered when determining viability. In any assessment, viability is a multifaceted concept that requires careful analysis. This is essential to answer the question “Should we proceed with the proposed project?”.

Conducting a Feasibility Study is a critical step in business assessment processes and is a primary business practice.

Fides Consulting conduct balanced feasibility assessments focused on viability and sustainability.

CORPORATE CULTURE

Corporate Culture is founded upon the naturally occurring ethical values of the individuals making up the board of directors. Collectively, the board of directors are charged with creating principles that guide the executive and management on how things get done within the organisation.

The board of directors create, within the corporate charter, policies to align corporate culture to achieve, as best as possible, the objectives of the organisation.

At Fides Consulting, we believe that the development of Corporate Culture is critical to business success; it defines corporate strategy; it is the carriage upon which business success rides. We believe a strong Corporate Culture aligned with the team member’s ethical values will bring success.

Culture must be continuously developed.

OFFICER LIABILITY


Work health and safety laws impose a proactive duty on officers to exercise due diligence to ensure compliance with those laws. Due diligence is a non-delegable duty imposed on officers personally. It is separate from the duty imposed on their company. The duty is also proactive - it can be breached merely for failing to put in place a corporate governance regime, even though there may not have been a WHS incident at the officer’s company.


CONTACT US
You can find us at 60 Ocean Place, Nilgen WA

All Discussions Are Strictly Confidential

icon 2 Bill McSharer – Corporate Advisor: 0447 733 372

icon 2 Hailey McSharer – Business Development and Marketing Manager: 0400 293 898

icon 3www.fidesconsulting.com.au

icon 4admin@fidesconsulting.com.au