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Risk Management For Compliance

Worldwide, rapid changes are being made to the regulatory and governance aspects of business. This means that there must be more of a focus on risk-based modules for corporate governance when responding to new compliance measures. An example of this is the Companies (law reform) Bill (currently passing through parliament in the UK and due for royal assent in 2007). It requires organisations to identify and manage such risks on its projects and business, with failure to do so resulting in significant penalties

Identifying the information risks that arise as a result of new projects, business advances or changes in the business environment is paramount to ensuring that the organisation meets its corporate governance obligations.

IRM have information risk specialists with direct experience in assisting businesses through the minefield of legal, regulatory and corporate governance compliance changes. All of these changes require a programme of control identification and implementation. IRM can craft an appropriate programme for any client consisting of a Business Impact Analysis followed by the appropriate control framework.