Governance fails when it is not fully understood or valued. Reasons
for this include:
- Poor and inconsistent leadership,
which sets a negative the tone at the top
- A pervasive "blame" culture
- The risk management process
not being integrated into corporate decision making
- Lack of infrastructure to
promote a consistent and thorough risk management process
- A lack of understanding
of what a control or mitigation is
- A lack of ownership for the control environment
- Ineffective risk reporting processes.
Over the course of 30 years we have developed a highly customised approach to address these weaknesses and develop what
we call Success Assurance.
There are a number of underlying themes which
guide our approach. These include:
a corporate policy and underpinning processes which are championed by the CEO and the Executive Team
- Setting measurable risk appetites and tolerences which aid decision making
- Developing and delivering bespoke training programmes to as many employees
as possible to increase the organisations risk management capability
operational, tactical and strategic risk assessments to identify key risks, common threats and to develop robust mitigations
to comply with the organisations risk appetite
- Integrating the risk management
and assurance processes into business planning and performance management processes
systems and processes as required to minimise redundancy and maximise synergy
with Internal Audit and other assurance providers to deliver positive assurance through the development of risk metrics
and dash board reporting.
Our preferred methodology
is to provide leadership and methodology to an in house team in order to transfer as much knowledge and know how as possible.
This builds our clients risk management capability and ensures governance processes can continue to evolve once our initial
engagement ends. Each of our subsequent interventions is geared to embed risk management further.
We apply our Success Assurance methodology on all assignments with the scope varying, depending on
the level of the organisations risk management capability. We have successfully applied this approach to organisations as
diverse as Governments through to utilities and multi billion euro private businesses.
If you would like to discuss how we might be able to help you please call John Moody on +353 1 2018953.