Safeguarding future growth of your business: Why tax must be made part of the Corporate Governance agenda Denis Yekoyasi Kakembo, a tax and energy lawyer and Managing Partner at Cristal Advocates, a law firm specialised in tax, energy and infrastructure, makes a case for why tax matters are too important for safeguarding the future growth of every organisation. As such, they should not be ignored, nor left to the finance department alone. They argue, tax issues should form a core part of every organisation’s corporate governance agenda and therefore should be elevated to the highest level in the organisation- the board, which must also have specific tax competences.

Denis Yekoyasi KakemboJanuary 12, 2021January 12, 2021

Denis Yekoyasi Kakembo, is a tax and energy lawyer and the Managing Partner, Cristal Advocates.

Though tax is a key operational business risk, few organisations adequately attend to it merely treating it as a routine financial accounting and reporting matter. Businesses lacking elaborate policies in place to guide tax governance are more likely to deal with the arising issues reactively on an adhoc basis yet a proactive stance with Board of Directors (“Board”) oversight is more beneficial to the organisation as this article sets out. Corporate Governance Corporate governance focusses on helping the Board to direct and control the organisation so that its goals are achieved for the benefit of all the stakeholders. The stakeholders…

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