How to execute an integrated, sustainable governance, risk management and compliance strategy*
The compliance and risk landscape is continually changing. To remain competitive, companies must have in place a governance, risk management and compliance strategy that keeps pace with new laws, regulations and stakeholder expectations. An effective strategy can positively impact shareholder value and empower organizations to:
- Improve strategic business decisions by clearly defining associated risks and opportunities
- Minimize operational surprises with more proactive and effective monitoring
- Protect and enhance reputation and brand by capitalizing on business opportunities while reducing the likelihood of negative events
- Increase organizational efficiency
- Avoid fines, penalties and damage to reputation
PricewaterhouseCoopers helps companies evaluate, formulate and execute their compliance strategy to increase predictability, manage the impact of risk and capture business opportunities through:
- Governance: Set objectives and measure achievement.
- Risk Management: Identify, measure, report and appropriately manage risks to achieve governance objectives.
- Compliance: Execute governance objectives with integrity and confidence.
If this is your situation
You seek to:
- Understand how well your company identifies and manages risk
- Report the appropriate risk and compliance information to the board of directors
- Help ensure that the board fulfills its regulatory responsibilities
- Implement enterprise wide risk management
- Address new or existing regulations more effectively
- Recover from a compliance failure
- Improve compliance effectiveness
How PricewaterhouseCoopers can help you
PricewaterhouseCoopers provides practical advice to senior executives on risk and compliance issues, as well as guidance on how to implement governance, risk management and compliance changes across complex organizations. Our knowledge and guidance helps companies move from strategy to action in this high-stakes arena.
Services we provide include:
- Regulatory compliance and remediation: We help you address new or existing regulations, including Sarbanes-Oxley, anti-money laundering (AML), privacy, and industry-specific laws and regulations. We can work with you to enhance your existing policies, systems, procedures and training to sustain improvements and prevent compliance failures. If you already have experienced a failure, we help you isolate and remediate it quickly and work with you to prevent further compliance violations.
- Enterprise risk management: To improve decision making and reduce operational surprises, we develop systematic approaches to the assessment of strategic, operational, financial and compliance risks. We can help you integrate effective and meaningful risk management practices into your ongoing performance management, strategic planning and capital allocation processes. We can also help you establish sustainable reporting and monitoring processes that include your senior executive team and your Board of Directors.
- Political risk management: We help you recognize the risks and rewards of globalization by embedding government, economic, social and security risk factors into strategic and operational decision-making processes.
