There are many reasons a company might inflate its earnings, or engage in questionable or unethical sales tactics, but the result is that the expectations of analysts, creditors, investors, customers, and other corporate stakeholders are manipulated and controlled—to no goof end. But, thwarting such short-sighted behavior and safeguarding a company's long-term goals demands more than good intentions and the possibility of an audit—it calls for an effective compliance programme. In fact, regulatory compliance is now one of the most critical dangers faced by a company; and yet, for many in senior management, it remains among the least understood areas of risk. Make no mistake, good compliance programmes are no loner optional: statutory compliance and good corporate governance are receiving heightened worldwide interest, and companies in all jurisdictions are increasingly aware that they must strive to meet compliance requirements in all countries in which they operate. Moreover, only good governance can ensure that compliance is aligned with your company’s business objectives and risk management strategies—and is thereby adding real value (and not just cost) to your organisation. But what, exactly, is an "effective" compliance programme? And how do you undertake and sustain such an undertaking?
If this is your situation:
- You need to create a compliance program that is not just about externally-imposed regulation, but also encompasses all the internal policies that support your company’s performance.
- You want a more effective way of advising your board on management performance and accountability issues.
- You have to find a way to properly embed good governance practices into your company.
- You must reduce number of compliance and governance failures that plague your company.
- You need to put in place a system that allows you to identify—and address—complaints and breaches of legislation and internal processes.
- You would like to improve stakeholder and regulator relationships and communication.
How PwC can help you
At PricewaterhouseCoopers (PwC) we can offer you the support of a team that specialises in statutory compliance matters and that gives priority to—and achieves greater control of—client companies’ statutory requirements. Our specialists (many of whom have served as regulators themselves) can provide your company with comprehensive regulatory support, including forensic accounting services and preparation for negotiations and investigations. You can be confident that we deeply understand the nuances of local regulation, as well as the forces shaping international regulatory policy. Our highly-trained specialists possess broad regulatory compliance and corporate governance skills, as well as deep knowledge of compliance program design, change management, performance measurement, and incident management and remediation. We can work with you during company formation, help you draft by-laws, execute notarial deeds, assist in the appointment of company officers, and register your company with the Central Database for Undertakings (the old Commercial Register). Our people can also be of assistance in getting certificates/authorisations/permits and issuing share certificates. We will also undertake regular corporate housekeeping, including holding and, or, attending board of directors meetings and, or, shareholders' meetings; drafting the minutes of meetings; keeping company minute books up-to-date; and, of course, arranging for the necessary notices (statutory appointments, etc.) At the other end of the spectrum we can help in matters of voluntary liquidation, including drafting reports, executing notarial deeds, assisting the liquidator, and preparing the end of the liquidation. Call us. You won’t regret it.
|
|
