At Oriens we are great believers that focus from the very beginning of an entity’s corporate governance is one of the critical drivers for future success. So, what is corporate governance? Certainly the huge major corporate catastrophies of the last few years such as Enron and Lehman Brothers has highlighted the importance of corporate governance; but it is surprising how few smaller companies think that this is an area of importance, or one worth spending scarce cash resources on.

Good corporate governance begins with the board, and we believe the guidance provided by the Institute of Directors and the Financial Services Authority to be useful. The board’s role is to provide entrepreneurial leadership of the company within a framework of prudent and effective controls which enables risk to be assessed and managed. The board should set the company’s strategic aims, ensure that the necessary financial and human resources are in place for the company to meet its objectives and review management performance. In addition, they state that all directors must take decisions objectively in the interests of the company. The importance of having effective non-executive directors is also underlined, in that they should constructively challenge and help develop proposals on strategy. Non-executive directors should scrutinise the performance of management in meeting agreed goals and objectives and monitor the reporting of performance. They should satisfy themselves on the integrity of financial information and that financial controls and systems of risk management are robust and defensible.

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Business aviation consultancy Oriens Advisors has teamed with Spanish architecture group Cesar Martinell & Associates to promote a new design for temporary structures that can be used to provide additional capacity for FBOs during busy periods. Read more at AIN

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However, if you can find an objective board member or commercial advisor with the relevant experience who can constructively review and adjust your business plans to the commercial realities of life, your chances for successfully riding these rocky times are multiplied.

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The Oriens Advisors site consists of 2500 sq m of hangar facilities, 14 further management offices and a facility next to the hangars where Oriens themselves are now based. The move reflects the importance the company places on having accessibility to the business aviation industry, and all related parts of the value chain. The full Oriens team is based at the premises.

Continue reading at Fly Corporate Online

Airports in Europe are under growing pressure to become commercial as the drive to full privatisation, as per the UK model, continues to pervade. However, airports’ P&Ls at the point of privatisation differ so vastly across countries and even within countries. France for example has public air traffic control so, unlike the UK, ATC costs are not part of the fixed cost base. Some airports have already received significant historical public funds for expansion and therefore development costs are sunk, and it is easier to achieve profitability. Others require non-public funding for expansion and, worse still, there are often regulatory pressures to invest in, for example, the ever-growing security requirements.

Continue reading at Bluesky

The Oriens Advisors site consists of 2500 m² of hangar facilities, 14 further management offices and an annexe next to the hangars where Oriens themselves are now based. The move reflects the importance the company places on having accessibility to the business aviation industry, and all related parts of the value chain. The full Oriens team is based at the premises.

Continued at Via International

Airports in Europe are under growing pressure to become commercial as the drive to full privatisation, as per the UK model, continues to pervade. However, airports’ P&Ls at the point of privatisation differ so vastly across countries and even within countries. France for example has public air traffic control so, unlike the UK, ATC costs are not part of the fixed cost base. Some airports have already received significant historical public funds for expansion and therefore development costs are sunk, and it is easier to achieve profitability. Others require non-public funding for expansion and, worse still, there are often regulatory pressures to invest in, for example, the ever-growing security requirements.

Continue reading at Bluesky