Board Advisory Services | KPMG | SG

Board Advisory Services

Board Advisory Services

Supports business leaders to further understand their corporate governance responsibilities and improve their performance and governance standards.

Supports business leaders to further understand their corporate governance

As the business and regulatory landscape continues to evolve, organizations face unprecedented emerging and systemic risks – digitization, globalization, increased regulations and stepped up global enforcement – all of which are impacting the confidence level of risk oversight.

Business leaders are constantly challenged to balance the pursuit of corporate performance objectives while maintaining compliance with regulatory requirements. As a result, many organizations are seeking answers that will help them align corporate strategy and culture to protect financial and reputational assets, as well as enhance business value.

They recognize that, in both the short and long term, successful companies will be those that can manage risk, drive business performance and achieve regulatory compliance in an environment in which these outcomes must be managed strategically and with agility.

KPMG's Board Advisory Services (BAS) supports business leaders to further understand their corporate governance responsibilities and improve their performance and governance standards. We equip boards and C-level executives with the tools needed to tackle the key issues impacting their ability to drive strategy and governance.

BAS offers a selection of services across leadership and culture, strategy and performance, accountability and audit as well as stakeholder engagement that can be tailored to the specific requirements of boards, committees and other board-appointed governance bodies including board training, corporate governance structure reviews, corporate governance disclosure reviews, board performance evaluations and board assurance frameworks.

Pillars of governance Possible challenges faced by organizations How KPMG can help
Leadership and strategy

Business strategy not defined/articulated

Organizational capability does not support business strategy

Board structure not efficient or effective

Roles and responsibilities for boards/board committees/directors unclear

Family relationships inhibit decision making

Strategy development/planning processes

Board composition and structure

Board/board committees roles and responsibilities

Board/board committees selection/appointment process (including succession planning)

Board reporting (for example, through dashboards and aligning those to better practice and industry standards)

Owner managed business framework

New Boards: 100 day plans

Delegation of Authority framework

Performance and monitoring

Board/board committee/director performance is sub-optimal

Culture of board/board committees not open to receiving feedback for continuous improvement

Directors do not receive regular and/or relevant training

Performance evaluation framework for board/board committees/directors

Skill sets gap analysis at Board level to identify/establish relevant skills development programs

Director training (e.g. corporate governance obligations)

Accountability and audit

Key risks not identified and managed in an appropriate manner

Sources of assurance regarding risk management and internal controls not clearly understood

Group/subsidiary governance framework not defined

Material transactions (IPT/RPT) involving directors not captured/monitored

Board Assurance Framework

IPT/RPT framework

Governance framework for group and extended entity structures

Quality Assurance Reviews of the organization's Internal Audit function

Communications with stakeholders

Key stakeholders not engaged to provide views on material current/proposed activities

Key information not disseminated in a timely, relevant or accurate manner to stakeholders

Stakeholder identification and mapping to key priorities

Stakeholder engagement plans

Non-financial reporting frameworks (including performance indicators)

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