RiskTech Forum

Mega: Corporate Governance - Implement Effective Corporate Governance Throughout Your Organization

Posted: 1 September 2014

Ensure Effective Corporate Governance

Ethics, sustainability, compliance, corporate social responsibility, accountability—those concepts get thrown around constantly. Why are they a rising concern for directors and senior management? Why do consulting firms talk about a “revolution in the Boardroom” (PwC) and cite corporate governance as the new priority for senior management?

The answer is twofold. First, regulators have pushed it to the top of the agenda by introducing increasingly stringent regulations and forcing companies to set up broad and comprehensive control processes. That requires vast efforts not only in terms of implementation, but also due to the sheer volume of necessary reporting.

Second, there is a growing interest and demand for transparency and principled corporate leadership among the general public. With the development of social media and the rising speed of information exchange, any governance breach can become a major reputation crisis. Senior management simply cannot ignore the potential damage to their brand; implementing an efficient corporate governance system has become an obligation in itself.

Succeed In Today's Complex Business Environment

At MEGA, we help you set up a robust corporate governance framework that gives your board a complete vision of your company’s risks, internal controls, and regulations. The framework draws on our four integrated solutions designed to support the various processes of your governance, risk and compliance (GRC) departments: risk management, internal controls, compliance, and internal audit. Our solutions help bridge the gap between governance oversight at the board level and governance deployment at the business and operational level. Our solutions strengthen each level of your 3 lines of defense model.

A corporate governance framework built on MEGA’s solutions tackles the main issues related to governance systems, and provides your board with the advanced, comprehensive view required to succeed in today’s complex business environment.

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