Complementing Solutions

A Team Of Experienced & Certified Professionals Focusing On Change Management Advisory, Implementation, Trainings and Workshops.

Integrating Risk & Compliance With Corporate Governance

Comprehensive Corporate Governance Solutions

At ProClipse Consulting, we set the framework that enhances management performance, promotes internal control, and clearly defines the roles, rights, and responsibilities of all internal and external stakeholders to deliver desired outputs.

Our Holistic Approach

We connect Corporate Governance with Risk Management and Compliance to create a cohesive output for your organization's desired Future State, addressing:

Strategy Definition
Functional Structure
Systems and Processes
People

Key Elements of Our Corporate Governance Framework

Objectives & Policies: We establish clear goals and guidelines for your organization.
Culture Building: We help you cultivate a strong organizational culture that aligns with your vision.
Value Setting: We assist in defining and embedding core values throughout your organization.
Accountability Nurturing: We foster a sense of responsibility within defined and measurable performance metrics.

Integrating Risk & Compliance with Corporate Governance

Organizations in the Middle East & North Africa region increasingly recognize the significant costs associated with siloed operations within their functions. The dilution of efforts, resources, and competitive advantage underscores the need for a cohesive Governance Framework to enhance competitiveness and growth.

Enhanced management performance
Promoted internal control
Clearly defined roles and responsibilities
Effective and efficient achievement of desired outcomes

Building such a framework improves effectiveness and efficiency while addressing modern challenges, ultimately leading to sustainable success.

Reference:

OECD (2019), Corporate Governance in MENA: Building a Framework for Competitiveness and Growth, Corporate Governance, OECD Publishing, Paris, OECD iLibrary

Aligning Governance With Organizational Strategy

Corporate Governance integrates with Risk Management and Compliance to align with the organization's future state, addressing strategy definition, functional structure, systems and processes, and people.

In simple terms, Corporate Governance represents the "WHAT" mandated by the Board (Strategic Planning & Leadership) and the "HOW" delivered by the Management Team.

The Power of Integration

When managed separately, Governance, Risk, and Compliance (GRC) can hinder the achievement of business objectives. Our integrated framework benefits your entire organization by:

Improving transparency and decision-making
Enhancing risk mitigation strategies
Ensuring compliance with regulations and standards
Streamlining processes and reducing redundancies

Key Factors of Governance, Risk, and Compliance

Governance

Strategy & Objectives: Define clear goals and strategic direction.
Policies & Procedures: Establish guidelines for consistent operations.
Structure & Committees: Create effective organizational structures.
Culture & Values: Build a strong, values-driven culture.

Risk

Risk Assessment: Identify potential risks to the organization.
Risk Evaluation: Analyze and prioritize risks based on impact.
Risk Monitoring: Continuously track and review risk factors.
Risk Mitigation: Develop strategies to minimize risk impact.

Compliance

Financial Structure: Ensure robust financial management practices.
Regulatory Obligations: Comply with legal and regulatory requirements.
Industry Standards: Adhere to industry-specific standards and best practices.
Internal Controls: Implement controls to safeguard organizational assets.

Specialized Services:

Corporate Governance Strategy - Defining and Realizing Your Vision:
Corporate Governance is about the direction and control of an organization. Our GRC experts work with you to define and formulate the strategy, devise the policies, and enable realization through strategic planning and reshaping where necessary.
We help you:
- Develop a compelling business case for GRC
- Assess the current state and design the future state
- Evaluate, refine, and define your future requirements
- Implement your Governance, Risk & Compliance initiatives

B. AML/CFT Policy, Controls, and Procedures Documentation

Conducting Audits: We help clients across the GCC understand money laundering and terrorism financing risks by studying business processes to identify potential loopholes.
Assessment of Existing AML Policies: We assess and ensure compliance with respective GCC market AML laws, identifying any improvements required.
Gap Analysis: We document identified risks and existing AML policies, preparing a gap analysis to discuss with stakeholders.
Creation of AML/CFT Frameworks: Our team of compliance experts creates tailored AML compliance programs, including policy development and control procedures.

C. Independent GRC Audit

Our Governance Audit experts assess, evaluate, and audit your GRC capabilities based on your strategic business needs. We then review and provide assurance to the Board & Management Team that the GRC capabilities or different subsets of capabilities are designed and implemented effectively. We also work with you to identify areas for improvement and help ameliorate them.

Why Choose ProClipse For Corporate Governance?

Middle East Expertise: Tailored solutions reflecting regional business practices and regulatory requirements
Proven Methodology: Based on globally recognized best practices and frameworks
Comprehensive Services: From advisory to auditing, we cover all aspects of GRC
Experienced Team: Certified professionals with extensive industry experience

Invest in Robust Corporate Governance

Strengthen your organization's corporate governance practices with ProClipse Consulting's specialized Governance, Risk & Compliance advisory and auditing services. Ensure integrity, mitigate risks, and drive sustainable growth.

Governance

Strategy & Objectives
Policies & Procedures
Structure & Committees
Culture & Values

Risk

Risk Assessment
Risk Evaluation
Risk Monitoring
Risk Mitigation

Compliance

Financial Structure
Regulatory Obligations
Industry Standards
Internal Controls

Need more information?

Our team is ready to answer your questions and help you develop a robust Corporate Governance framework that aligns with your organization's future state.