Do you have robust processes in place for monitoring internal and external audit functions?
New regulation and officially sanctioned recommendations are presenting increasing compliance challenges. The implications of failure can be severe and it remains clear that the responsibility for sound governance practice is that of corporate directors and officers.
The board needs to perform with unquestioned integrity and a strong foundation. Having in place the correct roles, structures, culture, information and resources are critical to this.
KPMG has developed a strategic framework that assists boards and management to assess their existing regulatory compliance and governance practices and to build consensus on bringing about the desired changes. This framework examines board operations to help determine whether it is positioned to meet stakeholder needs.
