Effective corporate governance encompasses board relations, internal control system, risk management, compliance management and internal audit.
Governance, regulatory and compliance
GRC continues to be a complex business challenge. As new laws and regulations are introduced, their requirements challenge boards to greater levels of transparency, objectivity and professionalism. Increased accountability and potential exposure to liability means directors need to ensure that corporate governance standards are adhered to and robust compliance management systems are in place.
Our GRC team can assist directors and management to identify applicable laws and regulations to better understand the regulatory environment. Our approach combines an analysis of the legal framework with an assessment of the systems and processes which can help to ensure compliance and sound corporate governance.
We support our clients in meeting GRC challenges by offering:
Our multidisciplinary teams have in-depth knowledge of corporate governance developments, both locally and in the international context. We combine process and system benchmarking knowledge and experience with organizational knowledge.
There are financial penalties for non-compliance with certain laws and regulations. Robust regulatory and compliance structures can help to ensure companies are not subject to potential penalties.
There is a strong business case for corporate governance and regulatory compliance. Sound corporate governance practices can protect directors from potential personal liability and protect companies from reputational harm.
The role of intelligence software to monitor indicators of governance & risk
IARCS provides strategic sourcing of internal audit, continuous auditing/monitoring, ERM, governance and regulatory compliance.
Shakaib Mahmood Khan