Faced with new market opportunities, ongoing economic challenges, increased pressure to improve risk management effectiveness, and unprecedented regulatory requirements, many organisations are recognizing the need to transform governance risk and compliance functions to turn these disruptive forces into opportunities.
As business and regulatory environments continue to evolve, organisations face emerging risks that challenge traditional strategies and assumptions. In this environment, resilience is the key to organisational survival, and companies need to achieve a balance of governance, risk-management, regulatory compliance, and performance.
Meeting these new challenges can protect and enhance business value and drive operational efficiencies. Implemented and operated correctly, governance, risk and compliance frameworks can aid organisations with effective risk mitigation, which in turn can drive transparency, and provide a strong environment for effective decision-making whilst preventing financial and reputational loss.
Companies need to envision and implement a holistic model that adds value and meets the demands of regulators, the board of directors, and key stakeholders.
KPMG’s highly skilled and experienced teams across the Crown Dependencies of Jersey, Guernsey and the Isle of Man have assisted many organisations in this complex area. Through the application of extensive and up-to-date knowledge and expertise our team can assist organisations to ensure their frameworks are designed and implemented appropriately.
Governance continues to be a complex business challenge
As new laws and regulations are introduced, their requirements challenge boards, compliance and risk management functions to greater levels of transparency, objectivity, and professionalism. Increased accountability and potential exposure to liability means directors need to ensure that corporate governance standards are adhered to and robust risk and compliance management systems are in place to support them.
With a team of experienced and highly skilled professionals across the Crown Dependencies of Jersey, Guernsey and the Isle of Man, KPMG is helping many different organisations tackle this challenging area.
How we can help
We can identify applicable laws and regulations and help align your approach to help you better understand and comply with the regulatory environment. Our approach combines an analysis of applicable legal frameworks together with an assessment of your systems and processes and the application of best practice areas to help ensure robust risk and compliance practices and sound corporate governance.
We offer a variety of services in this area, including:
Board and Committee effectiveness reviews
Board advisory services
IPO / Listing readiness reviews
Policy governance testing, reviews and advice
Board and Organisational Culture assessments
Financial reporting controls
Our multidisciplinary team has advised many clients on how best to meet the challenges of effective corporate governance. Our professionals have in-depth local and international experience and we combine process and system benchmarking with organisational knowledge to deliver the best solutions for our clients.