Effective governance helps organisations operate transparently, responsibly and successfully over the long term.
We help organisations design a modern, effective governance model and put a governance, risk management and compliance (GRC) approach into practice. Well-functioning governance helps create clear roles, responsibilities and decision-making processes, and supports the organisation’s ability to operate efficiently and sustainably in a changing environment.
Strong governance enhances transparency, trust and responsible decision-making, creating the foundation for long-term value growth and stakeholder confidence. PwC helps organisations assess and develop their governance model by taking into account both local market expectations and sector-specific governance frameworks, including the Good Corporate Governance Code and, in financial services, the Guidelines on Internal Governance.
How PwC can help
- Assessing corporate governance maturity
- Setting up an internal control system and assessing its maturity
Assessing corporate governance maturity
Governance affects day-to-day operations, the quality of decision-making and long-term development. An independent assessment helps organisations understand how clear the roles and responsibilities are, how effectively decision-making processes operate and where there are opportunities to strengthen governance.
PwC helps organisations assess governance maturity based on their sector, structure and regulatory environment. The assessment may be based, for example, on the Good Corporate Governance Code, which helps evaluate governance transparency, the division of responsibilities between the management board and supervisory board, and the application of the “comply or explain” principle. In financial services and other regulated industries, we also consider relevant supervisory frameworks.
We support clients in areas including:
- Assessing governance models and governance practices;
- Analysing the roles, responsibilities and cooperation of management and supervisory boards;
- Reviewing decision-making processes and governance structures;
- Assessing transparency, reporting and the “comply or explain” approach;
- Assessing internal governance principles in regulated organisations;
- Providing recommendations to strengthen governance and increase maturity.
Setting up an internal control system and assessing its maturity
An effective internal control system helps reduce the risk of errors and misconduct and supports the achievement of organisational objectives. We help organisations design and assess their control environment, taking into account their size, complexity, business model and risk profile.
We support clients in areas including:
- Designing an internal control framework;
- Developing procedures, policies and control mechanisms;
- Linking risk assessments to the control environment;
- Assessing internal control maturity;
- Identifying control deficiencies and improvement opportunities.
Experienced Estonian professionals in governance, risk management and controls
A practical and independent approach
Knowledge of international methodologies and good practices
Ability to connect governance with risks, compliance and the control environment
Contact us
Karin Grents
Leader of Governance, Risk, Compliance (GRC), and Internal Audit services, PwC Estonia
Tel: +372 614 1800
