In recent times there has been a paradigm shift in many economies in the way corporate governance, business ethics, risk management, and compliance are approached.
It is a shift that continues to be driven by demanding performance expectations, increasing stakeholder demands, and a growing public scrutiny following some spectacular failures around the globe.
Potentially this is a highly positive development. An investment environment places a premium on solid performing businesses that are well-managed, conferring a competitive advantage on businesses that create and maintain a culture of "integrity-driven performance".
If this is your situation
- You need advice on Board and management performance and accountability.
- You want to embed governance into the organization.
- You need to make informed risk-taking, growth, innovation and development/options selection.
- You are subject to market risk-exposure to foreign exchange, interest rates. and commodity prices.
- You need to conduct strategic risk-testing and an analysis level of risk associated with selected strategies/options.
- You need advice on insurance, self-insurance and risk financing/treasury and hedging policy and practices.
- You want to manage processes and mitigate inherent business risks.
- You have an ever-growing list of rules and regulations to comply with.
- You want to create a culture where bad news rises and your people act to protect the "brand".
- You want to free up valuable resource by de-layering add-on risk and compliance processes.
- You want to reduce the incidents of failure.
- You are experiencing a lack of clear and measurable key performance indicators.
- You need reliable and available data for internal and external reporting.
- You need to achieve greater value for compliance spend.
- You need to improve stakeholder and regulator relationships and communication.
- You need to identify and address complaints and breaches of legislation and internal processes.
How PricewaterhouseCoopers can help you
PricewaterhouseCoopers can help you to identify, understand and manage risks, both upside and downside. We assist businesses in building forward- looking governance and compliance programmes, controlling compliance infrastructures, measuring and monitoring ongoing governance and compliance practices, and helping build a culture of doing the right thing.
The services we provide include the following:
Governance
- Design and implement governance frameworks and practices
- Benchmarking and review of governance frameworks
- Board structure and effectiveness assessment
- Board and organizational training and coaching
- Board reporting and oversight processes
- Executive remuneration programmes and disclosure practices
- Design of mechanisms to support a culture of compliance
- Development of Corporate Social Responsibility frameworks, measurement and reporting
Enterprise Risk/Portfolio Risk Management
- Diagnostic review of corporate/enterprise risk frameworks
- Design and implement an enterprise or whole of business approach to risk
- Benchmarking of risk frameworks
- Review of dependent business routines (e.g., linkage between risk and planning, risk and business reporting/metrics)
- Valuation and shareholder value services, economic capital modelling and economic services
- Decision analysis and options pricing analytics
Specialized Risk Services
- Complex risk framing and modelling, decision analysis/options analysis
- Market risk modelling and solutions
- Credit risk modelling and solutions
- Operational risk modelling, solutions and Basel II programmes
- Actuarial and quantitative modelling for complex, large scale risk, or responding to prudential obligations
- Specialist risk and value based modelling capabilities
- Risk finance and treasury/financial instrument services/solutions
Managing Business Operations for Compliance Outcomes
- Establishing a compliance mindset
- 'Simplifying compliance' by:
- Aligning compliance initiatives to business objectives
- Embedding compliance into business operations
- Leveraging technology
- Compliance assessments
- Design and implementation for risk management systems affecting business process and management
- Change and programme effectiveness as it relates to managing business operations for compliance outcomes
Compliance Monitoring and Reporting
- Development of performance measures
- Design or review of monitoring and testing programmes
- Incident and enterprise compliance reporting
- Review of compliance data
Compliance Cost Optimization
- Development of baseline data and business-aligned key performance indicators
- Linking revenue and cost to reveal the net gain of compliance spend
- Identifying compliance value drivers using Six Sigma or a similar methodology
- Cost identification and reduction
Incident Identification and Remediation
- Identifying and addressing complaints and breaches of legislation and internal processes
- Regulator liaison policies and procedures
