Governance risk and compliance
The compliance and risk landscape is continually changing. To remain competitive, companies must have a governance, risk management and compliance (GRC) strategy in place that keeps pace with new legislation and stakeholder expectations
We work with our clients to put in place a GRC strategy which will increase their shareholder value and empower them to:
- Improve strategic business decisions by clearly defining the associated risks and opportunities
- Use proactive and effective monitoring to minimise unexpected incidents
- Protect and enhance their brand by capitalising on business opportunities with minimal risk
- Increase the efficiency of their organisation and lower the cost of compliance
- Avoid fines, penalties and damage to reputation
- Obtain a clear, consistent view on risk and risk appetite
- Use the right communication to enhance stakeholder relationships
- Be compliant with governance and regulatory requirements such as the Combined code, industry regulation such the FSA and specific legislation such as the UK Bribery Act
Governance risk & compliance in the private sector
Increasingly, businesses are turning to good governance to reap the wider benefits that it brings and we help clients develop their governance to become more efficient and effective in managing their business opportunities and risks. The impetus for change in this area has traditionally been incidents such as high-profile non-compliance or evolving legal requirements. Should businesses neglect to pay attention to these, the consequences can affect corporate and personal reputations, lead to fines and cause loss of revenue. The value of an integrated approach to governance, risk and compliance is indicated in the results of a recent PricewaterhouseCoopers survey, which suggests this can enhance reputational value (by 23%), employee retention value (by 10%) and increase revenue (by 8%). Please contact our team to learn more.
