Elevating the importance of Corporate Governance and Regulatory change to the C-Suite
Corporate Governance requirements and disclosures now feature part of new and proposed laws and regulations. Director liabilities and enhanced financial and non-financial reporting requires parent and subsidiary boards to evaluate existing corporate governance controls, processes and policies. We help our clients to elevate these concerns to board level.
Compliance is non-negotiable. Reputation is valued over financial benefits. Our clients are operating in an environment where the pace of change in ESG centred laws and regulations is impacting how they conduct business; framing a new approach to corporate governance and compliance.
We have seen our clients directly benefit by elevating this agenda in several ways.
How we helped a Multinational Pharmaceutical client
Our client undertook a corporate governance regulatory assessment, after the introduction of the Miscellaneous Reporting Regulation in 2018, which imposed new corporate governance standards and reporting requirements.
The assessment highlighted gaps in the the clients UK Corporate Governance, which led us to help them define a new strategy for compliance and a new corporate governance model conforming to the new regulations. This included:
- Creation of a UK Governance policy detailing Board Governance protocols, delegations of authority
- Directors duties training
- Support for preparing corporate governance statements in the Financial Statements
- Roll out of ESG Legal training
We supported the clients UK Management on updating their corporate governance strategy, ensuring it reflects changes introduced on ESG reporting for Private Companies. We also defined the design of a global corporate governance operating model that will apply to all of their subsidiaries.
“Corporate Governance is a business enabler facilitating commercial excellence and decision making, resulting in long-term value creation.”
Let us be part of your success story. Reach out to start a conversation.
Contact us
Partner - Entity Governance & Compliance, PwC United Kingdom
Tel: +44 (0)7764 235240
