The challenge today's boards face is finding the right level of involvement and the right approach in defining the company's strategic direction, and fostering long-term shareholder value growth while ensuring companies remain resilient to both internal and external pressures.
Since 2000 the Hellenic Capital Market Commission strengthened the administrative and functional Framework of all publicly listed firms in the Athens Stock Market. In meeting this challenge, boards must decide:
PwC is redefining the role of corporate governance by helping boards sharpen their focus on their primary responsibilities - understanding what they need to do, how to do it successfully, and what pitfalls to avoid. PwC can help identify, manage and control existing and future regulatory risks by approaching corporate governance as part strategy (enabling value by integrating the consideration of risk into strategic decision making) and part tactics (minimizing risk of compliance failure through effective program management). Our teams consist of experienced regulatory risk specialists. PwC can help you at the strategic level by maximising any competitive advantages from regulation through to the operational level. In addition, we will help you minimise the costs and disruptions to your business, thereby freeing up management time in the process.
The audit committee is an essential part of the corporate reporting process. Its primary responsibility is to oversee on behalf of the board the integrity of the financial reporting controls and procedures implemented by management, to protect the interests of shareholders and other stakeholders. PwC’s Audit committees can play a valuable role – through effective and informed oversight – in helping to ensure market confidence in high quality financial reporting.