Critical analysis of corporate governance and internal control structure of Northway Migration Consultancy

Abstract

This thesis evaluates the Corporate Governance practices and placement of internal control into the processes of the Northway Migration Consultancy, a UAE based migration Consultancy Company. The survey method has been used to answer the research questions. There were 22 respondents to the questionnaire and all the members took an active part in the survey. To achieve this aim Mr. Muhammad Asif, Managing Director of Northway migration consultancy was the commissioner of this re-search and he extended full support in getting all the participants to take part in the questionnaire response through Webropol.

In the theoretical framework the relevant theories forming part of the Corporate Governance code have been included such as the Cadbury report, Hampel report, Turnbull report, and FRC Guidance, UK CG Code, and COSO requirements. In the literature review the implementation of the Corporate Governance and Internal Control components in three organizations including Nestle, SERCO, and College of Immigration and Citizenship Consultant and their implications were discussed and evaluated on how effectively they have incorporated all these requirements in their process. The methodology discussed different approaches to the research. It also included the research methodology adopted for this thesis. Finally, the conclusion discussed the Northway Migration Consultancy effectiveness in adopting the Corporate Governance and Internal Control strategies.

From the responses and the data analysed it has been established that although Northway Migrations is following many governance and control practices it is not being regulated and overseen by any regulatory body in UAE. Therefore, they can seek the membership of CG regulatory bodies in UAE and look for constituting some necessary committees to bring more transparency in their governance structure and practices.