Boardroom governance or committee room governance is essential to the success of any organisation. It is critical to obtain funding from various sources, particularly the government. Corporate governance is a vital mechanism. Boards and committees must ensure that the behaviour of their workforce is aligned with the organisation's purpose and principles. Corporate goals and values are translated into their people's decisions and actions.
According to Australian standards, Boards and Committees must continually practice "GRC". GRC stands for governance, risk management, and compliance. It helps organisations in reducing risks, optimising resources, setting directions, and monitoring performance.
Effective implementation of boardroom governance compliance and risk helps to reduce overall risk and improve the effectiveness of controls in the organisation, including the relationship between the Board/Committee, senior management and staff. It gives the assurance that controls are created and are being administrated effectively, while also ensuring that compliance requirements are met consistently.
If your organisation doesn't have governance and risk compliance frameworks in place, then you must contact Leigh Barrett and Associates. We will create customised governance risk frameworks and compliance solutions for your business. Call us now on (03) 9404 1642 to get an instant response or contact us.