Strategic advisory

Strategic Advisor

Marek has a great passion for advising growth-oriented publicly-listed and privately-held companies. He has experience serving as an independent non-executive director and chairing audit committees, as well as developing internal audit functions. Marek is proficient in the development of professional business plans. He has prepared more then fifteen business plans addressed to creditors and equity investors such as angels and venture capital funds.

Independent Non-Executive Director (NED)

Internal audit setup and development

Business plan setup and development

Value Based Management Advisor

Canadian credentials

  • He worked as a Manager at Ernst & Young (EY), Transaction Advisory Services, Valuation & Business Modeling, working on consulting projects for mining companies, a car insurance company, a senior center, etc.
  • He worked as an Internal Audit Manager at KGHM International, a medium mining company with operating mines in Canada, the US, and Chile. Marek assisted the company, improving various business processes.

Polish credentials

  • Marek served as the Chair of the Audit Committee of the Supervisory Board (Board of Directors) at KGHM Polska Miedź SA, a large mining company and Interferie SA (one of the largest hotel/resort networks in Poland).
  • He prepared and delivered business plans to small and medium-sized entrepreneurs, assisting them in their successful fundraising.
  • As a senior management consultant at A.T. Kearney Poland, Marek advised an asset management company and mutual fund during a period of unprecedented growth.
  • He was a member of an advisory team, guiding two managers through a lengthy and complex management buyout (MBO) process. Under the new structure, they were able to retire a transaction debt within just three years.
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Authored/co-authored business plans
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Boards of Directors
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Clients

Independent non-executive director (NED)

The Toronto Stock Exchange (TSX) requires a listed corporation to have at least two independent directors. For this purpose, an independent director is a person who:

  • is not a member of management and is free from any interest and any business or other relationship that could reasonably be perceived to materially interfere with the director’s ability to act in the best interest of the corporation
  • is a beneficial holder, directly or indirectly, or is a nominee or associate of a beneficial holder, collectively of 10 per cent or less of the votes attaching to all issued and outstanding securities of the corporation.

Marek brings independence, impartiality, wide experience, special knowledge of value-based management, accounting, internal auditing and personal qualities.

Marek provides creative collaboration to the board by providing independent oversight and constructive challenge to the directors.

Marek is available to serve as an independent non-executive director at a publicly-listed and privately-held companies.

Marek is available to provide internal audit experience and to serve as a chair in an audit committee.

Internal audit function setup and development

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes (Institute of Internal Auditors).

An internal audit activity provides assurance to management and an internal audit committee that risks to an organization are understood and managed appropriately. Additionally, it serves as an in-house consultation on many areas of interest.

An internal audit serves as a third-line of defense within an organization’s internal control framework. It provides independent, objective assurance and advise on activities that improve an organization’s operations and add value to the board of directors and senior management, who are positioned as a first-line of defense.

Marek sets and develops an internal audit function at publicly-held and private-held companies, following best practices established by the Institute of Internal Auditors.

Business plan setup and evaluation

Whether you’re launching or growing your business, there are many reasons why you might need a well-thought-out business plan. For more information Marek recommends Tim Berry’s article 15 Reasons You Need A Business Plan)

Value Based Management Advisor

A publicly-listed company’s main objective is to maximize shareholder value in the long term.

Value is created only when the rate of return is higher than the cost of capital.

To create the maximum possible value for shareholders, the management must be committed to building value in relation to customers, suppliers, employees and local communities.

Let`s work together

Testimonials

In 2012 Marek Panfil was a member of the advisory team which provided management buyout (MBO) consulting services to me and one other executive at Elproma Elektronika, Ltd. I was the CEO at that time and had a minority stake. The company was controlled by a foreign family-owned business. Marek provided the following advice:

  • Analysis of financial statements;
  • Review of financial forecast;
  • Valuation of a majority stake in Elproma using discounted cash flow and adjusted net asset value methods;
  • Raising financing for the purpose of the buyout;
  • Creation of the MBO model which we adopted.

Marek has extensive experience with MBOs, financial analysis, business valuations and strategic advice. Any MBO process involves a high degree of pressure and uncertainty. Marek guided me every step of the way, ensuring that our decisions were correct and that our timing was right. This MBO was successful for me and my business partner. We acquired the company, raised the needed funding, restructured the company and finally retired the entire debt after only three years. I strongly recommend Marek as a business valuator and as a strategic advisor.

Tomasz Widomski

Co-owner, member of the Supervisory Board

I worked with Marek when I was the Canadian and International Tax Manager at KGHM International. Marek forged strong working relationships with his colleagues at all levels within the company. Marek embraces challenges, and relentlessly pursues professional development opportunities, for example the CBV course. I enthusiastically recommend Marek as a senior advisor and business valuator. He is highly motivated and an experienced team player. I look forward to working with Marek again in the future.

Eddie Ting

Senior Manager, Tax

Marek and I worked at KGHM International, Vancouver. I was responsible for Financial Reporting and Marek was the Internal Audit Manager. Marek is an outstanding manager with a knack for building strong relationships across all levels within an organization. He has an outgoing and sincere personality and consistently provides value-added service. I wholeheartedly recommend Marek as an experienced advisor with a broad international perspective.

Jay Kapadia

Corporate Controller

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