Risk Management & Governance
Businesses have a strange habit of growing faster than the systems which keep them in check. Pressure to create, develop and innovate means that old systems can quickly become redundant and need rethinking and rebuilding. This is really one of the biggest headaches a business owner faces. Creating products is comparatively easy. Creating internal business controls, which are the systems and frameworks that allow all departments of the business to keep up to speed with changes is plain hard work.
- Explain what ‘internal controls’ are and how they will benefit the business going forward.
- Work closely with CEO/MD to suggest the most appropriate role/responsibilities for him/her to take on and build a plan which creates more time to devote to his/her strengths.
- Create systems across the business for managing various financial and operational procedures.
- Ensure that business strategy is clear and communicated to all stakeholders.
- Evaluate operating model and structure to ensure they remain fit for purpose as business grows and markets change.
- Ensure key management resource remains motivated and appropriately rewarded.
- Create an internal audit function to execute the ERM plan and keep management informed.
- Build a ERM plan to ensure all strategic, operational, reporting, & compliance risks are identified and managed.
- Share proposals about the delegation of duties and responsibilities to employees.
- Review computer systems and software to ensure that they are robust and will allow for growth in line with the plan.