In creating an effective corporate governance programme to align with BS13500 the organisation should at first consider a governance policy. This should be prepared by the executive team and approved the CEO.
The policy would normally be a formal document, ideally version controlled. It would set out the governance arrangements as below:
- How governance is to be achieved
- How risk is to be reduced
- What control measures will be adopted
- Accountability arrangements
- Stakeholder expectations
- Legal or statutory obligations
- Review and oversight
The policy should be suitable for any size of organisation and should be the overarching document driving the corporate governance BS13500 programme.
The policy should be communicated internally and ideally to stakeholders who may have expectations in this area.
The corporate governance policy should be reviewed periodically and updated to reflect changes to the external or internal environment.
For further information and to book your BS 13500 – Corporate Governance survey please contact: Marcus J Allen at Thamer James Ltd. Email: [email protected]
Marcus has twenty years’ experience in delivering Governance, Risk and Compliance solutions to over two hundred organisations within the UK. Marcus holds the respected Diploma in Governance, Risk and Compliance from the International Compliance Association and holds a master’s degree in Management Learning & Change from the University of Bristol. Marcus is a Fellow of the Institute of Consultants and Fellow of the Chartered Management Institute.