Corporate Governance Solution

Regulatory requirements on good corporate governance and risk management are being tightened and sit at the top of most chairmen’s lists of concerns. Codes of Corporate Governance are regularly being refreshed locally and across the globe. Your board members now have an imperative to improve transparency around the oversight of risks and controls. The business world and the financial system have recently faced unprecedented hocks owing to the severity of the global economic crisis. And this situation has only highlighted the absolute need for quality corporate governance and the role of boards of directors as true representatives of the ultimate owners of a company.

In the majority of cases, you will have elements of these requirements already in place and it will be a case of identifying and filling any gaps. The first step is to conduct a rapid assessment of the application to determine the reporting consequences of each entity. It may also be appropriate to undertake a gap analysis of the existing Corporate Governance Framework against new requirements. Good corporate governance will help your management team make better, more strategic decisions. More importantly, you will be helping to protect your business’ reputation in a market that is increasingly demanding transparency and accountability.

 

How we can help

At PwC, we can help you by:

  • Creating a governance policy that increases connectivity, particularly in respect of stakeholder engagement practices.
  • Providing updates to board governance documentation - i.e matters reserved to the board or terms of reference (including stakeholder committee constitution).
  • Introducing delegations of authority to specific individuals/committees/subsidiary boards.
  • Developing stakeholder mapping, engagement benchmarking and/or adoption of new engagement mechanisms for both stakeholders and employees.
  • Reviewing risk frameworks for due focus on stakeholder risks and opportunities, agreeing the appropriate level of oversight at board level.
  • Reviewing remuneration policies for alignment with company’s values purpose and culture, and if necessary consider establishing a remuneration committee.
  • Conducting lectures on corporate governance thought leadership and hot topics.

 

Why are we qualified to help

PwC Philippines has worked collaboratively with PwC Hong Kong in the Transformation Project - Transformation Strategy and Implementation for Governance and Internal Controls of one of the biggest banks in the Philippines.

With our extensive knowledge of local regulations and our multijurisdictional capabilities, we are well positioned to help our clients deal effectively with corporate governance, regulatory and compliance issues. Our team has extensive experience in banking and financial services where we advise on all aspects of corporate governance and regulatory compliance.



Research and insights

Contact us

Maria Rosell S. Gomez

Maria Rosell S. Gomez

Risk Assurance Partner, PwC Philippines

Tel: +63 (2) 8845 2728

Ana Mae Bautista

Ana Mae Bautista

Risk Assurance Manager, PwC Philippines

Tel: +63 (2) 8845 2728

Jonard Pulido

Jonard Pulido

Risk Assurance Manager, PwC Philippines

Tel: +63 (2) 8845 2728

Desiree Ann Beltran

Desiree Ann Beltran

Risk Assurance Assistant Manager, PwC Philippines

Tel: +63 (2) 8845 2728

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