Governance Issues
Good Governance at your fingertips
Copenhagen Compliance® creates, produces, and provides
custom tailored Governance guidelines, consultancy and conducts training and
conference sessions worldwide. The center of attention and focal point is
to provide the combined Governance Risk Management, Compliance and IT Security
(GRC) support on industry specific topics and issues.
Often when a corporate Governance misconduct occurs, there are 2 common responses:
- Management was unaware of the malpractice
- Our Governance and ethic standards are amongst the most stringent in
the business.
- We are concerned, we apologize for our mistake as it does not reflect
on our culture or our history of our business philosophy.
- We will strive to continue to uphold the highest standards and maintain
a best-in-class approach to the best practices in the industry.
Our GRC services offer new clients to avoid the above mentioned example with
fact-based decisions for positive bottom line Governance impact that will
transform the way you implement sustainable business to be Good Governance
compliant.
Copenhagen Compliance is an global GRC implementation agency, whose greatest
challenge will be to assist management, companies and regulators to understand
the current GRC problem facing multinational companies. There is a need to
accept that the current problems are not solved by introducing more Compliance.
Despite massive introduction of regulatory compliance, the core problems and
issues that trouble several international companies remain unsolved.
Another key objective is to make your current Governance structure safer.
The current regulatory crisis or bubble of policies and regulatory oversight
runs the risk of creating a new independent risk of total non compliance due
to the sheer magnitude and the time factor because Lawmakers and oversight
regulators are inflating another set of regulatory crisis or bubble by overcompensating
for past sins and introducing more Governance almost everywhere.
Governance Guarantees
Copenhagen Compliance has for a long time pleaded that Governance and the
variety of complex controls without any obvious cure of the underlying problems
just complicate the issues. Introducing complex Governance components and
controls beyond the therapeutic dose with addressing core cultural and ethical
issues is self-defeating.
Copenhagen Compliance also promotes the better understanding between Governance
cultures and mandates to promote cooperation between the governmental and
business
communities to address and assess the current and long-term Good Governance,
Risk Management and Compliance problems facing the world.
Early warning for Black Swans
Often directors and managers tend to go for denial and they ended up with
wheel barrows of mixed group of Governance processes, duplication of efforts
and controls and manual tests that confuse even the most basic regulatory
control, that can only lead to a greater operations breakdown… it is like
taking more and more of the same medicine to cure the primary problem.
Regulators and oversight authorities continuously issues report to even the
best of the blue chip companies and financial institutions that the company
lacked effective systems of governance and internal controls to adequately
supervise the activities of operations with respect to legal, compliance,
and reputational risk…. and go on to recognize the lack of prudent controls,
documentation, tests etc related to specific compliance program.
We have to admit the establishment of ethical governance standards and the
corporate responsibility to society that calls for higher GRC standards. But
a growing number of companies now complain that the flood of new public policies
and intensified regulatory scrutiny are bringing unintended consequences.
Please contact us or send a mail
If one of your key objectives is to develop a customised Governance structure
that creates value through transparency and accountability
