The corporate governance challenge

The impact of ineffective corporate governance processes can range from a decline in share price to eventual collapse.

The spate of high profile corporate failures has prompted regulators around the world to strengthen their compliance and regulatory requirements in order to improve corporate governance and restore shareholder confidence and market stability.

The role of ERM in sound corporate governance

Because every business is exposed to risk and it’s the boards and senior management responsibility to exercise due care by managing risk, many organisations now accept that ERM as an integral part of good corporate governance.

Research confirms that more organisations are now relying on ERM principles to help them improve internal control, assist in meeting growing regulatory requirements and assist in achieving corporate objectives.

Introducing Guardian

Guardian is the next generation risk management system because it is one, completely integrated enterprise risk management system that brings together all key elements of risk management, compliance monitoring, internal audit and incident management into one easy to use yet powerful system.Guardian is feature rich and is customizable to meet your risk management needs, regardless of your size and structure. With Guardian, you can:

-  Identify, measure, monitor, manage and report on all ERM & compliance activities.

-  Integrate compliance and audit processes into one risk management framework

-  Define appropriate security to share or protect risk management information.

-  Produce timely and interactive graphical management reports.

-  Automate periodic management/staff attestation sign off across the organisation.

-  Streamline risk management activities through workflow management and email integration capabilities.

Guardian overview

Guardian is built on the philosophy that most people in an organisation play a role in risk management. As a fully integrated system, it brings together key risk management activities and enhances the entire process workflow to help you focus on risk management rather than risk administration. The Risk Manager determines the risk structure within Guardian. This structure is flexible to meet the needs of complex and global organisations in any industry.   

Risk Owners analyse their risks (including the likelihood and impact) and identify and evaluate their controls. Guardian’s powerful risk analysis capabilities can help you conform to Australian and New Zealand risk management standard AS/NZS4360, COSO’s ERM framework, Sarbanes-Oxley or any other framework you require. Key documents including process maps, policy manuals and authorities can be attached.

Auditors determine audit procedures for each control. Every audit program is prepared in Guardian and all audits are performed in Guardian using electronic work papers.

Want to know more?

Guardian is designed, developed and distributed by InConsult, a specialist risk management consulting firm. To see Guardian’s full capabilities, please contact InConsult for a demonstration.