Governance, Compliance and Risk
We have produced a useful how-to guide on Governance, Compliance and Risk which gives practical tips about how to establish best practice and what procedures you need to follow to mitigate risk.
Governance
Good governance is important for businesses of all sizes in all sectors. Not only are stakeholders increasingly demanding evidence of good corporate management, but poor governance and deficiencies in business controls can cause major issues and expose an organisation to significant risk.
Corporate governance supports growth delivery, helps maintain an effective management framework and engenders trust. A well-managed business increases your standing with all your stakeholders and potential investors, partners, and customers. It also improves your ability to bring in outside expertise, retain your best employees, attract funding, and ensure long-term sustainability.
The guide gives some pointers about what to focus on when establishing good governance and shares some of the traits of a well-governed business.
Compliance
The increase in regulation and legislation targeting corporate governance and corporate behaviour makes it more important than ever to develop and maintain a robust compliance programme.
Though the focus and the regulations that govern your business will vary depending on your operations and industry sector, the framework to determine and implement the necessary measures to ensure your compliance, are highly transferable across different sectors and industries.
In the guide, we demonstrate a process that can be adopted to help you to gain useful insight into the effectiveness of your business’s compliance programme, how to assess the risk and how to identify and prioritise potential programme enhancements. We also give you some insights in effective ways to manage ongoing compliance in the face of a changing regulatory environment and how to schedule regular reviews of your programme, including policies, procedures and training as well as potential implications for your relationships with your clients and vendors.
If you would like some more targeted help, our ‘Compliance Blueprint’ service is designed to give businesses an accurate view of their compliance matter and a clear plan to address any gaps.
