Boards, the people and the governance structures
change constantly to adjust to changes in market conditions, ownership, new
ventures and new people. The governance structures, range of competencies
on the Board and how you delegate powers need to move with the firm to ensure
that nothing slips through the net and the controls remain effective.
With a team of experienced specialist
consultants, many of whom were regulators themselves, we are frequently asked to
support a review of governance structures. Topics that we are often asked to
Creating governance maps
- Updating "Board Control manuals"
- Reviewing the mix of competencies amongst
the Directors and Non-Executive Director
- Acting as an independent member of
- Auditing the relevance and
comprehensiveness of control frameworks
In 2015, the PRA stated that firms needed to create a "Governance
Map" that shows clearly how power and responsibility is delegated in a
"Firms will have to maintain a ‘Governance Map’ showing the
responsibilities of senior managers, and lines of accountability, within the
firm and any associated group."
- PRA August 2015
BP&E Global can support your Board with aligning your Governance
structures to your business needs. We ensure that the structure is
proportionate to the size and type of organisation and can cater for matrix
management, new initiatives and changing business models. In our
experience every assignment has its own challenges and no organisation is the
We work closely with the Chair or Company Secretary to set out and
agree a clear plan of action, communicate clearly and set clear goals to ensure
you have the right structure and governance in place.
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