Considered “the framework of rules, relationships, systems and processes within and by which authority is exercised and controlled in corporations.”* corporate governance is expected to ensure effective business and compliance oversight and performance.
- Regulatory mechanisms to ensure that organisations and those in control, are held to account for their decisions and actions
- The definition of the roles and relationships between an organisation’s management, Board, shareholders, and other stakeholders, and the distribution of power amongst the different parties.
- How an organisation sets its goals and objectives, how risk is assessed, managed and monitored, and how performance is optimised.
The corporate governance structure an organisation adopts will vary based on the business environment it is operating in, its size, operating structure and own evolution. We assist Boards and executive teams to:
- apply the principles of good corporate governance using a risk-based evaluation process
- understand the risk environment within which the organisation operates to enable informed decision-making and appropriate risk taking
Riskwest provides the following services in this area:
- Governance reviews
- Facilitation of ‘governance risk workshops’ with Boards
- Development of frameworks to enable organisations to identify, manage and report on key risks
- Facilitation services to assist Board and Senior Management to evaluate opportunities within the context of the associated risks
- Representation on Boards and Audit & Risk Committees
- Advice and support
- Board and Senior Executive training in governance and risk management
* ASX Corporate Governance Council ‘Corporate Governance Principles and Recommendations, ASX 2nd Edition 2007.