GOVERNANCE
Are
Optimal governance and operational structures in place? Are Boards and
subsidiary Boards independent? Have the right policies been developed,
approved, communicated and embedded? Are committees operating
effectively, with the management information required to enable
achievement of mission? Are we structured optimally, with silos or
bottlenecks known and contained?
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RISK MANAGEMENT
No
business can prosper without risk. The trick is to understand the risk
environment and associated controls and mitigations, all within a clear
framework of owners and key stakeholders' Risk Appetite. How is risk
defined, monitored, managed and most importantly, foreseen., How is
ownership of risk reinforced throughout the organization? Who is
"accepting" risk, are do they have the appropriate authority?
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INTERNAL AUDIT
Every organization has a system of internal controls; some however are more
robust and effective than others. Internal Audit (IA) provides both
confirmation that high risk areas are effectively controlled, and
provides guidance on the design and implementation of effective
controls. Of course, sometimes that means that IA must, with diplomacy,
deliver difficult messages or deal with difficult people.
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ABC (ANTI-BRIBERY & CORRUPTION)
GRMSi carries out bribery and fraud risk assessments and investigations.
In recent years GRMSi has also provided customized bribery, corruption
and fraud risk assessments, anti-bribery and corruption training, due
diligence and has supported clients in developing and reviewing general
ethics programmes.
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