Code of Corporate Governance
The Code of Corporate Governance (the “Code”) encourages Singapore listed companies to enhance shareholder value through good corporate governance. Good corporate governance helps companies to be more open and transparent, less bureaucratic and forward-looking with innovative ideas. Companies then become more decisive in executing their strategies and initiatives. It is seen as an effective safeguard against frauds and dubious financial and other operational activities.
In the area of “Accountability and Audit”, the “Code” specifically states:
- “The Board should ensure that Management maintains a sound system of internal controls to safeguard the shareholders’ investment and the company’s assets.”
- “The Audit Committee should ensure that a review of the effectiveness of the company’s internal controls, including financial, operational and compliance controls, and risk management is conducted at least annually”
- “The Board should comment on the adequacy of the above in the company’s annual report.”
As your ERM Consultant, GP will help you understand your business risks and how to address them. Working with you to assess those risks that can disrupt your business, we help you identify the necessary steps to address uncertainties and events in your business environment in order to protect and enhance your shareholder value.
Enterprise Risk Management is a dynamic self-assessment methodology :
Enterprise Risk Management utilizes organizational knowledge and experience to systematically manage business risks and improve business performance at all levels of the organization. It goes beyond conventional, controls-only methods by addressing management, processes and controls in a more holistic manner.
We will seek to understand your company’s strategic goals and its value drivers and processes in your business risk environment first before applying ERM frameworks and methodologies so that you can achieve more effective and efficient risk management.