Search results
Results from the WOW.Com Content Network
Domain specific GRC vendors understand the cyclical connection between governance, risk and compliance within a particular area of governance. For example, within financial processing — that a risk will either relate to the absence of a control (need to update governance) and/or the lack of adherence to (or poor quality of) an existing control.
Risk Governance presents the context of risk handling before proceeding through the core topics of assessment, evaluation, perception, management and communication. The main focus is on systemic risks, such as genetically modified organisms, which have a high degree of complexity, uncertainty and ambiguity, and with major repercussions on financial, economic, and social impact areas.
The National Governance Commission/National Governing Council (NGC) is the body that oversees implementation of the APRM process at the Member State level. In addition to providing guidance in terms of policy direction, the NGC ensures professionalism, credibility and independence of the national APRM self-assessment and review processes.
The Worldwide Governance Indicators are a compilation of the perceptions of a very diverse group of respondents, collected in large number of surveys and other cross-country assessments of governance. Some of these instruments capture the views of firms, individuals, and public officials in the countries being assessed.
Financial analysts often assess the following elements of a firm: Profitability - its ability to earn income and sustain growth in both the short- and long-term. A company's degree of profitability is usually based on the income statement, which reports on the company's results of operations;
This first control self-assessment identified several areas for improvement in internal control across the Commission most notably the need to implement a more systematic approach to risk management. The outcome of this first self-assessment was the implementation of the requirement for every Directorate General to perform a control and risk ...
The Institutional Analysis and Development framework (IAD) is a theoretical framework for investigating how people ("actors") interact with common-pool resources (CPRs). ). CPRs are economic goods which are rivalrous (i.e. one person's use reduces the ability of others to use) and non-excludable (i.e. it's impractical to prevent people accessing it) - examples include forests as a source of ...
Fund governance became a major fund servicing industry following the 2008 financial crisis “spurred (by) several media reports arguing that professional directors must be too busy to provide the appropriate level of monitoring for their clients.” [14] Consequently, many fund governance firms proliferated in response to perceived demand for ...