News:
Turnbull Report - opportunities for better management of corporate reputation
The Institute of Chartered Accountants Working Party on Internal Control led by Nigel Turnbull marks a watershed in risk management, putting risk firmly on the corporate agenda. The combined Code on Corporate Governance which is proposed focuses upon:
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The protection of shareholders' investment and company assets (including reputation) through sound systems of control |
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The initiation of regular reviews of effectiveness of controls and specifically on finance, operations, compliance and risk management |
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the need for companies to regularly review the need for an internal audit function, where one is not present. |
Turnbull does not advocate 'zero risk', but rather a healthy level of ''controlled risk'', through maintaining awareness of changing environmental threats and opportunities.
A structured management system can help to control your risk exposure.
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