Corporate governance is about overarching accountability across the organisation. Its key components are assurance, compliance and risk.
Policies and procedures need to address these fundamentals and risk management is an exercise that requires processes ensuring the organisations values are protected.
Risk is a part of everyday life and there are many types of risks that will be encountered in business.
Some will have a minimal impact and can be easily managed whereas others may threaten the reputation and longevity of the business.
Understanding the principles, policies and processes for effective risk management will help the organisation make the necessary decisions to ensure the best possible outcome for the business.
Overall, the management system is required to span the disciplines of governance, compliance, corporate assurance, safety management systems as well as cultural development in line with the organisations values.
Procedure Rock provides a system with checks and balances to ensure integrity in the application of due process which underpins the organisations values. It does this through phased development of operations and accountability assigned through structured memberships for all staff, therefore allowing for an attestation model.