The unprecedented increase in the number of employee crimes and internal frauds, especially in this recessionary period, pose a grave threat to businesses. The recent cases of fraud in leading organizations have proven that there are obvious cracks in the seemingly secure infrastructure. These gaps lead to tremendous financial and reputational loss which can impact the overall long term strategy and growth of an organization. In the last few years, Corporate Governance has emerged as one of the critical differentiators for businesses in India and globally. FIIs / domestic investors and stakeholders are now increasingly using “Governance” as a key barometer.
What
we do
We offer to set up and man a ‘Governance Directorate’ to facilitate achievement of high standards of good governance. The specialized ‘Governance Directorate’ would:
Facilitate end-to-end management of concerns
Provide a scalable model to identify and action high risk concerns from inaccessible sources
Perform unbiased investigation and diagnosis of charges, allegations or insinuations
Strengthen Regulatory Compliance posture
Investigate Fraud / Code of Business Practice violations
Develop and disseminate the Code of Business Practices (COBP)
Conduct Ethical Dilemma workshops
How
we do this
The Directorate would classify information received based on the urgency and criticality and
thereafter process the information - Take Action / File for pattern / Discard.
In-depth investigation is carried out, preventive controls are instituted and patterns analyzed.
Compliance manual / directory comprising all relevant statutory / regulatory compliances is
compiled; appropriate matrices (like proactive reminders, escalation matrix) are built in to strengthen compliance mechanism.
New compliances are added to the directory and best practices flagged up to the
management for absorption.
Appropriate feedback to management is provided on governance and customer satisfaction index.
Why
our clients benefit
As one of the pioneers of corporate security risk consulting in the country, our clients benefit from years of corporate governance, risk and compliance (GRC) management experience. Our team of professionals with proven credentials work closely with the clients’ Governance, Audit and Process Improvement groups, resulting in:
Good governance and enhanced credibility among stakeholders and potential investors.
Balanced neutrality in monitoring the Governance Index.
Incident and pattern briefing to the Key Leadership Team.
