Governance and People-Risk Reduction
Transparency and control are the key requirements in creating sustainable positive change with the right checks and balances.
There must be total clarity concerning the roles of:
Shareholders
Board members
CEO
Management team
Employees
Central functions versus operating companies
Processes for communication and decision-making must be in place, including:
Charter of Authority
RAID or RACI models for decision making processes
Training everyone in the execution of their role
Tracking risk-reduction strategies
