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:

Provide Governance frameworks. Provide Risk assessment & monitoring. Control environment support. Deliver Technology-enabled solutions. Deliver Training and engagement.

PwC offer services across the risk and controls landscape from delivering board level risk reporting to implementing technology and process monitoring as part of Enterprise GRC platform development. This initial service uses PwC’s own Cyber Risk Management Platform to map technical risk controls that could leverage services such as, Microsoft 365 E5, Purview, Defender for Cloud, and other third party with key business aligned qualitative controls to enable reporting against selected regulations and industry standards.

PLEASE NOTE: Pricing and duration are subject to scope of work and may vary

PwC UK: Governance and Risk: 4-Wk Assessment

PricewaterhouseCoopers UK

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