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Showing posts with the label governance risk and compliance

The role of governance risk and compliance management in corporate business

The organizations have seen their boards of director’s press for improved governance structures in their organizations. That pressure for better governance is not a recent phenomenon. New rules also boosted the increase in governance around internal processes. And the regulatory agencies are not the only catalysts for change. The expectations of investors and other stakeholders in relation to governance risk and compliance are increasing. More than ever, stakeholders are holding management accountable for the effectiveness of its overall governance process. This change is real and significant and, probably, it amounts to an expectation of greater bond of the council in the means by which the government is organized and carried out. Although the direct link of the board may be realistic in smaller organizations, banks, and larger insurance companies may find those requirements challenging. In general, the council has responded by strengthening internal policies and establishin