It’s a team effort
Good governance requires accountability, fairness, transparency and independence, which are driven by the board and management of an organisation and nurtured within a conducive culture, enabling better decision making.
Strong risk management involves the ability to anticipate and navigate risks to your business, and to embrace the opportunities they present to assert your organisation's competitiveness. Directors alone cannot establish and maintain effective risk management practices. By involving all levels of your team, accountability and responsibility for managing business risk is shared, thorough and pragmatic.
Good compliance requires the ability evolve to an ever-changing regulatory environment. The better you understand your compliance risk profile, the better positioned you will be to prevent non-compliance from impacting on your ability to achieve your strategic objectives.