Effective and efficient governance of an organisation to achieve its strategic intent, whilst also promoting an appropriate risk culture, is top-of-mind for boards, executives and regulators alike.
In an environment of rapidly emerging risks, challenging growth opportunities, increasingly complex business models and new delivery channels, ensuring that the risk and compliance component of the governance framework achieves its objectives is a difficult task for Boards and Executives globally, and must be addressed for an organisation to meet its stakeholder expectations.
It is important for organisations to understand the degree to which they are operating to their risk appetite as their business develops, and to leverage risk appetite and tolerances to support strategic decision making and capital planning. It is also increasingly necessary to define the expected risk culture of the organisation to assess the degree to which it is consistent with the Board’s and management’s expectations.
KPMG’s risk strategy, governance and culture services help clients to implement sound risk management frameworks and practices and embed a risk aware culture to drive sound business performance, limit potential misconduct and good outcomes for customers.
