Scope Of Corporate Affairs Advisory

[Purvi Dalvi]

A corporate affairs advisory encourages the promotion of a company’s legitimate business interests through professional and ethical engagement with lawmakers, policymakers, regulators.

Too often the acts of a few driven to support vested interests that aim to provide an unfair competitive advantage or benefit a company at the detriment of honest citizens or indulge in unethical practices to advance one’s business has attracted undue scrutiny and corrupted the good work of those who engage government professionally and ethically on behalf of companies.

 Usually, corporate affairs advisory team consists of policy experts across a variety of sectors, former bureaucrats, lawyers and advocacy specialists, skilled and able to advise CEOs on the impact of policy and policy developments and strategically position their businesses in this evolving context. They help shape their client’s strategy, including support in securing and promoting legitimate business interests through the ethical involvement of policymakers, regulators, and key influencers.

• Build government relations: The changing political and policy climate requires companies not only to re-evaluate their current business continuity but also to explore ways of growth. Hence, it is important to develop insights into the prevailing policy environment and its business impact. Counsellors track the policy and regulatory climate to help you stay ahead and promote legitimate interests ethically to protect your operating license and build opportunities for development.

• Shed light on regulatory affairs: The rapid growth of technology, economy and society in India has led to the need for almost constant upgrading and updating of regulation across many sectors of business, including healthcare, media and entertainment, technology, financial services, telecommunications, mobility, to name a few. Companies struggle to keep up with this change as regulators walk the tight rope to balance industry needs and those of their constituents, the Indian citizens.

The team of regulatory experts and legal counsellors help clients meet as crisis communication support for regulatory compliance, avoiding government penal action or any unnecessary litigation.
If the worst of the crisis is over, and you can return to regular activities, you can continue to track the crisis reporting in the media, and any residual chatter in social networks.

Take the notes and write a concise report detailing the origin of the situation, how it gets treated, achievements and shortcomings, and recommendations for improvement. Determine if any follow-up with media, employees, families, or others is required and proceed promptly.

The team updates you what they learned from the crisis and updates the client to update the crisis communication plan accordingly. Regardless of whether an emergency happens or not, the plan should get reviewed constantly.