The most common definition of Governance is “the system by which entities are directed and controlled. It is concerned with structure and processes for decision making, accountability, control, and behaviour at the top of an entity. Governance influences how an organisation’s objectives are set and achieved, how risk is monitored and addressed and how performance is optimised”. Governance is a management system and a set of process, not a single activity and therefore successful implementation of a good governance strategy requires a systematic approach that incorporates strategic planning, risk management and performance management.
Every organisation faces risk, regardless of its size, location, turnover, or sector. Risk management is a systematic process of identifying, assessing, and controlling threats to an organisation. Risks can originate from a variety of sources, including financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents, natural disasters and reputational damage etc.
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Why should it be considered?
An effective risk management program helps an organisation to identify and evaluate the full range of risks that it may face. This may include ISO 31000, the standard can help organisations increase the likelihood of achieving objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment.
This holistic approach to managing risk is sometimes described as enterprise risk management because of its emphasis on anticipating and understanding risk across an organisation.
In addition to a focus on internal and external threats, enterprise risk management (ERM) also considers the opportunities associated with positive risks. In other words, those risks which can be turned from something with the potential to damage an organisation into one that the organisation can take advantage of and gain from e.g. acquisition of a competitor.
What impact will it have?
Those organisations with effective and resilient governance and risk management controls tend to be more profitable, given the fact they are more vigilant when it comes to risk and more effective at managing and mitigating those risks.
Satisfy tender selection criteria and win new business:
Many organisations are acutely aware of the risks associated with supply chain failure. To more effectively manage this risk increased scrutiny is being applied to supply chain risk and this will often involve an evaluation of how effectively your organisation manages risks and an evaluation of what governance controls your organisation has in place
Understanding your organisational risks and managing these in a more proactive and focused manner will enhance the likelihood of achieving your strategic aims and objectives.
How can Quadra help?
Quadra can assist your business with their health and safety compliance management through a number of different services. We have assisted many businesses from small independent traders to multi-national private business and public sector organisations throughout the UK and ROI.
Risk management and governance compliance services include:
- Enterprise Risk Management
- Development of Risk Registers
- Development of Risk Management Policy
- Implementation of ISO31000
- Business Continuity Management
We Can Help to Add Value to Your Organisation
Our simple no-nonsense approach is focused on delivering value and adding benefit..
Highly Experienced Consultants
Highly Experienced Consultants Our consultants are both highly skilled and experienced in their field.
Proven Track Record
Quadra has a proven track developed over 30 years in both national and international markets.
Making ISO Work For You
Our approach ensures that you don't have to reinvent your organisation.
Our clients are our most important assets and our aim is to become your trusted partner of choice..
We have developed a strong reputation in all industry sectors and with a varied client base. From small, local, indigenous companies to large multinationals.
Big Enough to Cope, Small Enough to Care
Our aim is to provide our clients with a solution which addresses their need. Our aim will always be to deliver a solution that works.
We have over 30 years’ experience assisting businesses in the provisions of ISO Standards, Compliance and Training.
Ensuring our customers are satisfied is our number one commitment.
With over 3000 projects completed to date on a local, national and international basis we have developed an approach which is focused on delivering a solution which will add value.
Need Governance & Risk Management Training?
Our training courses help to develop knowledge to maintain and improve your governance and risk management commitments. These can be developed as bespoke courses and delivered to your business or additionally, we offer a range of public courses which you will find on our training calendar.
Quadra can assist your business with their governance and risk management through a number of different services. We have assisted many businesses from small independent traders to multi-national private businesses and public sector organisations throughout the UK and ROI.
Our tried and tested approach will be tailored specifically to your organisation to meet their governance and risk management compliance goals in a realistic timescale with minimal disruption while adding maximum value
If you feel implementing any of our governance and risk management services to your organisation will bring benefit, contact us.