Overview
Boards and governing authorities require accurate and timely data to manage risks properly and for effective decision-making to achieve strategic objectives. Sibenco provides services designed to improve the quality of data and information flowing to the board and enable boards to create further value for the organisation at the board level through strategic corporate governance.
With an evolving regulatory environment, particularly privacy, cybersecurity and ESG, and in increasingly complex operating environments, the Board or governing authority must receive the 'right' information for good decision-making. In order to achieve strategic objectives using AI and data-driven technology, Boards must balance the interconnected risks and benefits arising from the collection and use of personal information and technological developments that allow its processing and storage. Sibenco helps organisations and Boards improve regulatory compliance and strategic objectives through improved information flows. In particular, by building an effective information governance framework, boards and governing authorities are better able to engage in meaningful ESG decision-making and reporting, as they will have improved reporting and access to information about non-financial corporate risks.
Services and Solutions
Working closely with our clients to provide comprehensive Corporate Governance advice and solutions, including:
- Designing and/or improving overarching Corporate Governance and Risk Management Frameworks, including drafting, reviewing and updating policies and processes, particularly focused on improving information flow to the Board of the 'right' information and improved holistic information compliance reporting.
- Designing and improving Information and Data Governance Frameworks, including drafting, reviewing and aligning policies and processes that are properly connected to the Risk Management Framework to improve reporting on privacy, cyber, ESG and broader information regulatory requirements, such as record retention and AML compliance.
- Integrate Risk Management and Information Governance frameworks and policies to improve data and information governance throughout the organisation and, importantly, improve information reporting to the Board. This enables risks arising from using new data-driven technologies, including AI, and evolving regulatory requirements, such as privacy, cybersecurity, AI, and ESG, to be properly monitored by the Board or governing authority.
- Working with multi-disciplinary professionals across functional areas to improve processes for improved governance