Governance and Ethics

Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. Shareholders’ also have a role in governance by appointing the directors and auditors, and by satisfying themselves that the company is being governed appropriately.

There is a direct correlation between financial crime risk and the culture and governance of an organisation.

The culture and governance may be driven by regulatory requirements, however, financial crime compliance risk management is not solely driven by regulatory requirements.

In many unregulated organisations, where governance about acting in the correct and ethical way is evident, it has been shown to have a positive impact on productivity, as well as savings against loss caused by fraud.

Adopting a strong cultural approach to combatting financial crime driven by the governance of senior management is more frequently being recognised as a business enabler, leading to greater retention of employees and greater satisfaction and profit from commercial relationships.

Case Studies

Cybercrime and Authorised Push Payments, Financial Crime Compliance & Governance

The one with leading finance managers learning about the wide risks of identity fraud.

Client Type - not for profit

View case study

Advised a group of finance directors of multiple charities in relation to identity fraud and protecting their charities from such risks.  Provided specific advice relating to the link of identity fraud to cybercrime and practical advice around dealing with awareness of such issues, the type of threats, the interaction of social media and guidance on […]

With specialist expertise in advising on fraud, financial crime, bribery and corruption, Tenet can assist a corporate body to instil an understanding of the approach to positive financial crime governance.

This can lead to development of systems, policies and culture to aid and effect a zero-tolerance stance to financial crime both internally and externally.

Creating a culture of zero-tolerance takes time and can only be achieved with the backing of all those involved with governance; it must be adopted from the top down.

Tenet can advise on and assist a Board through training, drafting statements and policies, and advise on correct procedures and good governance.

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