UK Corporate Governance Code reform
As the UK prepares for the updated UK Corporate Governance Code, organisations will need to develop effective approaches to risk management, internal controls and assurance.
Establishing sound and reliable governance practices is integral for every organisation. As companies continue to expand their services, grow and evolve over time, it is imperative to always focus on efficiency in risk management, the development of an effective control environment and delivery of strategic goals to meet the expectations of both internal and external stakeholders.
The creation of comprehensive and supportive governance, risk and control frameworks should therefore be a top priority for all organisations, but the presence of strong governance can no longer be viewed as a reactive process. Instead, when faced with increasing uncertainty, organisations must take a proactive stance to manage risk and realise those opportunities that align with their stakeholder needs.
Ultimately, implementing effective governance, risk and control frameworks will facilitate this process and it is an area where we can provide significant support.
When to act
- Structural or internal processes have changed within your business
- Increased risk/complexity has emerged within your sector
- You have witnessed failure in your existing framework
- New/updated regulation or legislation that affects your business - how does this relate to you?
- Your company is pursuing a new direction
- Your organisation has poor visibility into its internal controls/processes/employee behaviour
What good looks like
- Governance arrangements that are benchmarked to leading practice
- Top-down understanding of the governance framework
- Governance, risk and controls that are aligned to corporate risk appetite
How we can help
- Governance frameworks
- Risk assessment & monitoring
- Control environment support
- Technology-enabled solutions
- Training and engagement
Latest insights
3 results
Global governance transformed
Transforming internal operations for optimised data quality at bp.
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Contact us
Richard Bailes
Partner - Governance, Risk and Compliance, PwC United Kingdom
Tel: +44 (0)7715 034917