Governance and Risk
No-one wants to be steward of a corporate ‘train wreck’ … but what does good governance look like?
Increased reporting and recording requirements mean it can be difficult managing stakeholders, performance, competitors, financial reports, and remuneration even without devoting time to yet another rule or regulation.
Being a principal person has always carried significant responsibilities but scrutiny over management of issues is continually developing and evidencing rationale for decisions is central to good governance.
If you consider your business is in the corporate governance ‘goldilocks zone’, how often do those involved in the governance framework, whether as reporter or decision maker, consider the inputs and outputs? Do you have too much information or too little? Is it reliable, accurate, useful?
Successful examples of effective governance for your business are not always easy to find or replicate and even though doing things ‘your way’ may well be effective, a slightly better way might be just around the corner.
Good governance and risk management is difficult to achieve from simply reading articles and codes of practice or to assess objectively for those involved in its operation. Whether your organisation is a simple structure or a complex multi-jurisdiction group involving cross-functional, cross-divisional matrix (solid and dotted line) reporting, our senior staff are experienced in assessing performance. Making sense of the diverse responsibilities and reports is what we do best because we can apply our knowledge and experience from an objective viewpoint unencumbered by cultural factors or historic behaviours. Our experienced staff can ask why you do things the way you do, run engaging workshops, and help identify solutions of value that are suited to your organisation’s business needs.
We are skilled at advising on best practice, identifying commercial imperatives and what ‘looks good’ to your business. However, you rate your firm’s performance in the governance and risk space, it is never a bad thing to have external assurance that all is as it should be.