Corporate Governance (GRC) Consulting
Analytix corporate governance services assist boards of directors and executive management to establish or improve their Corporate Governance capabilities, to ensure that good Corporate Governance principles are being observed in their organisations, required for effective board level decision making and oversight.
Facilitating Alignment to Corporate Governance Best practice
We assist with the alignment of your Corporate Governance arrangements to the relevant international Corporate Governance related codes and best practices, e.g. the King III Governance Code.
GRC Understanding and Experience
Our deep understanding of the relevant international Governance, Risk and Compliance (GRC) frameworks and standards, and experience across industry sectors and geographies, enable us to address our clients specific business requirements.
Our approach to Corporate Governance transformation is holistic and goes beyond the board of directors and regulatory compliance, encompassing areas such as:
- Assessing and benchmarking Corporate Governance
- Board operations and oversight
- Board processes and structures
- Board and audit committee effectiveness assessments
- Business Ethics
- Anti-bribery management systems
- Assessment of Enterprise Risk management capability
- Risk governance and oversight
- Risk governance and management processes and structures
- Board and management risk committee effectiveness assessments
- Risk management training
- Integrating operational-, market-, IT- and other organisational risks categories into a integrated Enterprise Risk Management system
- Anti-bribery and corruption risk management
- Compliance management assessments
- Compliance processes and structures
- Adoption and embedding of a compliance management lifecycle
- Establishing Compliance Management system
Our consulting approach to Corporate Governance advisory projects makes provision to assist you with the development and tailoring of your organisation’s Corporate Governance practices, including principles, policies, processes and procedures to establish an effective Corporate Governance capability.
Corporate Governance Project Phases
- Assess - Evaluate existing Corporate Governance practices, understand current organisation and governance structures, determine the Corporate Governance profile, and develop a project and change management plan to enhance Corporate Governance.
- Design – Mobilise the project team, confirm the plan, and develop the company-specific Corporate Governance programme- to include Corporate Governance structures, standard language, policies, processes, roles, responsibilities, tools, and templates.
- Training and Awareness – Develop and deliver training on Corporate Governance (King III Governance Code) programme, from boardroom governance, and structures to reporting activities.
Corporate Governance systems are highly individualistic and depend on a number of factors such as your organisation’s ownership, legal structure, regulatory environment and culture. As result, our approach is tailored for each individual client’s needs.
This Corporate Governance approach and methodology can be implemented by organisations of all sizes, in all sectors: public, private, non-profit, educational, manufacturing, etc.
King III - The King Code on Corporate Governance 2009
King III, The King Code on Corporate Governance 2009 is a Corporate Governance code of practice that provides good guidelines for establishing Corporate Governance.
The KING III Governance Code which provides to directors evidence of “duty of care”, is structured along the following nine pillars or Corporate Governance building blocks:
- Ethics & corporate citizenship
- Boards & director governance
- Audit governance
- Risk governance
- IT governance
- Internal audit
- Integrated reporting
While published by The Institute of Directors in Southern Africa, King III can be applied by all entities regardless of the country, manner and form of incorporation or establishment and whether in the public, private sectors or non-profit sectors.
The Institute of Directors in Southern Africa owns the copyright in this publication titled ‘King Report on Governance for South Africa’, and the ‘King Code of Governance Principles’ (King III)
Depending on the scope of work and terms of refererence, typical deliverables of a Corporate Governance programme implementation or improvement project may include:
- Corporate Governance related training and awareness
- Corporate Governance related:
- Principles, Policies and Frameworks
- Organisation - structures and roles and responsibilities
- Culture and ethics
- Improved top level decision-making processes
- Greater accountability
- Better control environments
- Reduction in cost of capital
- Improved risk management
- Improved compliance