Governance & Risk Management
A well-designed, defined and run family governance reduces the risks that the family can bring to itself and the business. The same applies to business governance.
We help our clients design and implement an intertwined and integrated family business governance and risk management solutions. This helps our clients to focus on the essential controls that guides risk and rewards. The entire accountability structure in the family and the business plays a critical role in long-term success. For this, we design this structure as per the identity of the family business whilst being cognisant of the operating environment.
It’s important, now more than ever.
Never in the history of mankind have businesses been presented with an opportunity as massive as today. Massive in two ways – the rate of growth possible and the size of growth.
In order to seize this opportunity at the right time and in the right way, the integrity of the workforce and stakeholders has been observed as the deciding factor.
This cannot be achieved with high people-orientation. Rather, it would require robust structures, systems and practices to enable people to say true to themselves and the business.
We help our clients identify, quantify, and prioritise their most important risks as well as the returns associated with those risks. As per this, we help our clients define a bespoke risk management framework and a governance mechanism to execute the same.
How We Can Help
In practice, businesses place bets and win them based on the inherent and even invisible accountability and ethics model that they follow. Our approach takes this accountability & ethics model of the business as the source for designing the risk management framework.
It is critical to give prime importance to the invisible yet ubiquitously used belief system of the business as a whole. Once leaders learn with clarity what has been governing their bets on future it becomes significantly more powerful and meaning rich to design governance & risk systems for them. We don’t look at the surface but the epicentre of decision making force that runs the business and its choices.
Our unique approach has helped businesses worldwide to harness their truest potential and power by staying true to their core and defining sophisticated systems of governance and risk management with ease and effectiveness.
In our observation, our approach of governance and risk management systems receive maximum adoption with minimum resistance. This increases chances of success by many folds and more so the fun that goes in creating a future-that-matters.
Everyone in an organisation has some responsibility in managing risk across the organisation, not just the owners or the leaders. Mindsets and behaviours of individuals inside the organisation play a critical role in the execution of a company’s enterprise-wide risk management framework.