Monitoring Corporate Governance

Question 1

What is a useful tool to help executives and others understand the governance framework of the business?

Answer 1

A corporate governance manual.

Question 2

How should 2nd line compliance reinforce good corporate governance?

Answer 2

Include a review of corporate governance as part of its monitoring activity.

Question 3

What should a 2nd line monitoring review of corporate governance include?

Answer 3

• Review regulatory standards relating to corporate governance.
• Activity of board members and senior management in positions of significant influence.
• Deviations should be reported to the appropriate level of management and any material deviations to the board.