Corporate Governance & Risk Management Services

"Good corporate governance should contribute to better company performance by helping a board discharge its duties in the best interests of shareholders; if it is ignored, the consequence may well be vulnerability or poor performance. Good governance should facilitate efficient, effective and entrepreneurial management that can deliver shareholder value over the longer term."

 

Corporate governance refers to the processes and structure in which the business and affairs of the company are directed and managed. It is relevant to all organisations that believe in enhancing long term shareholder value. Good corporate governance embodies both enterprise (performance) and accountability (conformance).

Risk management is the proactive measure to enable good corporate governance. It presents numerous challenges as it reflects the inevitable fact that assets, processes and people can fail or can be damaged by external or internal events. This can in turn lead to consequences that are both unplanned and unwanted.

Regulatory requirements, shareholders and stakeholders' expectations have significantly changed the corporate governance landscape, requiring many organisations to review and re-focus their internal regime in order to align with regulatory requirements and to benchmark against evolving best practices. Organisations face daunting challenges in maintaining a corporate governance framework that strikes a balance between maximising profits, controlling costs, minimising risk and ensuring compliance.

Risk Management Solutions

We customise our approach based on your risk management requirements. The key phases in our risk management solutions are:

The enablers for corporate sustainability and growth include:

 

Governance Advisory to Board, Audit Committee & Management

We share knowledge and provide advice to the audit committee and other board directors on matters relating to internal control, risk assessment and corporate governance so as to facilitate their oversight and supervisory roles.

 

Enterprise Risk Assessment/Management (ERA/M)

We assist companies to structure and facilitate the implementation of an ERM framework by helping management identify key business processes, risks and controls, assess the effectiveness of controls and recommend improvements to mitigate weaknesses and inadequacies.

 

Control Self Assessment (CSA) Advisory

We assist organisations with good or mature control environment to enable continuous internal risk assessment to promote and maintain a "risk-aware" organisation culture.

 

Soft Controls Review

We provide an assessment of the overall control environment, including the "tone from the top" and "control consciousness" of the management team in particular and staff in general.

 

Whistle-blowing and Hot Line Service

We function as the independent receiver of irregularities reporting; our familiarity with Audit Committee protocols and our professional ethics brings confidence and offer peace of mind to whistle-blowers.

 

Training on Corporate Governance and Risk Management

We conduct half-day or full-day customised training &/or workshops on the above services to create awareness to the organisation staff as well as to facilitate risk management implementation.