Governance & Compliance, responsible management
European and national legislators are increasingly placing legal obligations on companies and expect companies and management to fulfill their accountability responsibilities. The regulators appointed by the legislator verify the extent to which the company and top management actually comply with the accountability obligations.
Good governance codes of conduct require companies to have different social accountability obligations. We could also see accountability for the realization of company policy as a duty.
Responsible management of a company requires effective governance and compliance measures that can be included in a portfolio, or company-specifically in a library.
Portfolio ‘Governance & Compliance’
Board and management meetings run via agendas and submitted documents, and lead to decisions. The meetings with supervisory boards or supervisors and committees, such as the audit committee, are conducted in a similar manner. The confidentiality of documents, the demonstrable involvement of participants and the endorsement of decisions are essential for these meetings. The participants wish to keep access to the certified documents in order to indicate their involvement later if desired. A secretary is usually responsible for organizing these meetings.
The Contract Board, in collaboration with our professionals and partners, maintain a portfolio of governance & compliance. At the request of the management, the secretary prepares company-specific documents and scenarios, with the support of professionals if necessary.
All companies and their management are confronted with governance and compliance issues. As the business activities become more extensive, the number and complexity of issues increase. There is a need for knowledge in company management.
We, together with our partners, meet this need with:
- Blogs and webinars;
- Awareness and training program;
- Standard model portfolio governance & compliance; and
- Consultation on request.
Organizing governance and compliance demands attention from the management. Frequently asked question is: ‘Are we sufficient with our organization? Have we set up the processes properly? Are the processes, in particular the agreements, sufficiently documented?’ We assess the processes and provide practical advice.