Corporate Governance

Scope of work

• ABC Global Corporation, a multinational conglomerate, required a comprehensive assessment and enhancement of its corporate governance framework to ensure compliance with evolving regulatory standards and improve overall governance practices. They were facing challenges related to transparency, accountability, and risk management.

Execution Strategy

• We began by gaining a deep understanding of ABC Global Corporation’s existing corporate governance framework, organizational structure, and specific goals.
• A detailed project plan was created to guide the evaluation and enhancement process, emphasizing timely execution and accuracy.
• An updated escalation and approval matrix was developed to streamline decision-making and oversight.

Success

• Improved Transparency: The recommendations made during the project enhanced transparency in decision-making, fostering trust among stakeholders.
• Effective Risk Management: Oversight of the risk management function was strengthened, leading to a more robust risk mitigation strategy.
• Regulatory Compliance: The company updated its committees and policies to align with new regulatory requirements, reducing legal risks.

Key Findings

• Transparency and Accountability: The company lacked transparency in decision-making processes and had issues related to accountability.
• Risk Management: The risk management function had limited oversight, leading to potential vulnerabilities.
• Compliance: Several committees and policies were outdated and not aligned with the latest regulatory requirements.