PRECISE. PROVEN. PERFORMANCE. © 2011 Moore Stephens LLP Association of Financial Mutuals: Corporate...
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Transcript of PRECISE. PROVEN. PERFORMANCE. © 2011 Moore Stephens LLP Association of Financial Mutuals: Corporate...
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PRECISE. PROVEN. PERFORMANCE.
© 2011 Moore Stephens LLP
Association of Financial Mutuals: Corporate Secretaries ForumThe Board and strategic risk
April 2011
Governance Risk and Assurance
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It’s real and its personal
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Changing world
• Increased regulation
• New laws e.g. Bribery Act
• Impact of economic climate
• Increased stakeholders expectations
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Challenges for the Board
• Individual Directors
• Accountability versus responsibility
• Leadership – clear direction
• Compliance culture
• Appetite for risk
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Board responsibilities
• Communicate and cascade
• Challenge and support
• Stakeholder assurance
• Proportionate control
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Good governance
• Greater focus on governance across sectors
• Links to performance
• Stand out from competition
• Sources of assurance
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Practical action
• Risk management framework
• Risk identification
• Reporting, monitoring and management information
• Practical tool
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Rhiza – Key features
• Drives the risk management methodology in line with best practice
• Provides clear ownership of risks and controls at board and management level
• Simple, flexible and cost effective
• Provides evidence of a dynamic process and effective monitoring
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Rhiza – main menu
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Rhiza – risk register
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Rhiza – controls and tests
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Rhiza – issue management
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Rhiza – reporting
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Thank you
Any questions?
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Sarah HillaryPartner, Governance Risk and Assurance
E mail: [email protected]: 0207 334 9191
Robert Noye-AllenPartner, Governance Risk and Assurance
E mail: [email protected]: 0207 334 9191
Moore Stephens150 Aldersgate Street
LondonEC1A 4AB