The significant Governance issues (in general terms) cover the following: Accountability Authorizations Audit trails Controls Compensation Independence(board, Non-Executive directors, Auditors etc). Conflict of Interests Monitoring Segregation of duties Transparency Step by step approach for conducting Assessments: Create an overview of the design and operation of the internal control structure (through an investigation of processes, risks, and controls) Create a control risk matrix that links your entity’s financial, operational, and disclosure risks to the internal controls that will be established. Based on the above an assessment of all control risks must be organized. This assessment will determine the extent of process documentation and internal and external audit work that must be performed to test internal controls. The assessment of control risk is typically conducted by detailed control objective for each major type of transaction identified in the Control Risk Matrix. While making assessments, it is critical that you monitor issues from management and staff (e.g. whistleblowers). Periodically conduct a survey for concerns or concerned stakeholders. to obtain their opinion on the adequacy of internal controls. Monitor and adjust regularly or when additional or new internal controls are introduced. The Corporate Governance Risk Framework Corporate Governance is often defined as how we assign responsibility for managing risk, by making use of contemporary prudent management and conventional wisdom. But conventional management only provides a fragmented view on the issues involving Risk and Governance. The Governance Model provides us with a framework for considering the type of decisions that are made including the consequences of those decisions in a cause and effect feedback way. The Governance Model provided us with that framework whereby we could anticipate and understand and take action around the intended and unintended consequences of our choices and decisions. The Governance Model became a systems model and provided us with a structure dealing with decision-making under varying degrees of uncertainty. Click here to read more >> © CopenhagenCompliance | See Disclaimer ®  Click here to download Brochure Governance, Risk and Compliance... All stock-listed companies have to live with it... other companies can't live without it... Therefore gain knowledge on how to manage Compliance. Improve your company's ability to add value and help improve your organization's Compliance management programs. Control processes by attending the courses, seminars and conferences offered by the unique events held by CopenhagenCompliance®. By attending the conference your GRC team will learn; How the world's most sophisticated companies dealing with the Governance, risk and Compliance challenge. How can your company ensure that it is not investing in the areas where it is most at risk? How can you demonstrate that your company is getting the best return on its Riskability® Compliance Euros? How are your competitors actively measuring and improving their Compliance processes?   Who Should Attend Chairman & Board Members Non-Executive Board Members Members of the Audit Committee CEO/CFO Governance and Compliance Officers Auditors, Accountants and Lawyers CIOs/CTOs IT Security Officers Compliance Officers & Managers CFOs/financial Officers Information Security Managers IT Directors and Managers IT Analysts/IT Auditors IT Compliance Managers IT Governance Managers IT Risk Managers