The complex web of domestic companies actively pursuing global business opportunities, has created a constant need of resilient and dynamic supply chains, supported by various operational processes requiring continuous monitoring and improvement. . Consequently, companies face increasing challenges in sustaining both bottom and top-line growth, while demonstrating effective corporate governance and maintaining a robust controls.
Effective corporate governance requires the consistent application of practices and rules (e.g., policies and procedures) which ultimately enable to effectively streamline both operations and performance optimization processes. . Thus, effective corporate governance requires the engagement of not only senior management and the board of directors, but also functions responsible for commercial activities, internal controls. Only through full engagement of all stakeholders can a company reach effective governance over its organizational culture on one hand, and its business strategy on the other.
In recent years, effective corporate governance has become increasingly affected by environmental and social corporate responsibility, as well as environmental and climate risk management. As a result, consistent application of environmental, social and corporate governance considerations (the ESG principles) has become crucial for companies striving to lead.
- Provide training to board members, middle and senior management on risk management, internal controls, regulations and governance responsibilities;
- Design and implement principles and practices demonstrating effective corporate governance – e.g., organizational culture practices, oversight and controls, knowledge retention and management, independent auditing and testing, compensation plans and resource planning for internal controls functions;
- Define roles and responsibilities among commercial and business functions;
- Conduct independent examinations of the effectiveness of the organization’s internal control framework, as well as the effectiveness of gatekeepers.
- Advising the board of directors on continuous monitoring of corporate governance, or preparation for external reviews by international / local prudential authorities;
- Conduct an analysis of environmental and climate risks in accordance with accepted international regulations and principles;
- Application of ESG principles in both commercial and internal controls processes;
- Provide intelligence on emerging regulatory and perceptual trends affecting environmental and climate risk (“Transition Risks”)
- Design implement and validate corporate responsibility practices/reports in accordance with accepted principles and international best practices (e.g., GRI);
- Improve organizational culture through training and awareness activities focusing on corporate responsibility, environmental and climate risk management.
- Operational and strategic consulting focused on improving process performance;
- Business process analysis and controls testing;
- Design and Implement procedures and policies;
- Supply chain risk and third-party risks analysis;
- Support the implementation of organizational transformations, focusing on transformation of business and operational processes, roles and responsibilities;
- Implementation of organizational assessment indicators (KPI’s) aligned to the organization’s risk appetite;
- Implementation of risk management tools and techniques across core functions such Finance and Procurement.
- Provide SME opinions in areas including risk management, internal controls, and fraud prevention;
- Support IT departments digital transformations, combining compliance considerations and internal controls framework; .
- Support companies in adopting financial/ERP systems