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.
Compliance may be driven by regulatory requirements, however financial crime compliance risk management is not solely driven by regulatory requirements.
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.
To discover more download our White Paper, Leading to loss Leaders, Culture and Fraud.