Corporate Governance, Risk & Compliance Services

As organizations seek to provide greater confidence to stakeholders, they face increasing pressure to comply with the new corporate governance legal framework and consequently to demonstrate Corporate Governance best practices. Whether your company is fully listed and required to implement relevant laws, such as Law 4706/2020, or is a private company wishing to adopt best practices, we work with you to develop bespoke solutions that strengthen governance structures, which will underpin corporate performance and ensure compliance with applicable regulations.

Our services include:

• Gap analysis against the current Corporate Governance framework
• Evaluate an existing system of organization and corporate governance and provide improvement recommendations
• Independent evaluation of corporate governance systems and internal control systems based on L.4706 / 2020
• Benchmarking in relation to international corporate governance frameworks / codes and best practices
• Evaluation of the effectiveness of the Board of Directors and its Committees
• Organization and provision of information programs to the members of the Board of Directors or its Committees
• Providing consulting support for the preparation of Regulations, Policies, Procedures, Reports, etc.
• Evaluation of suitable candidate Board members
• Evaluation of independence of Board members
• Technical support to the work of the BoD Committees
• Family Business Consulting | Consulting support to Family Business companies on issues of corporate governance, succession and transition, as well as organizational and operational upgrade

Increased regulatory requirements call on organizations to improve and "mature" their business practices, to obtain independent and objective assurance on the effectiveness of Corporate Governance Systems, Internal Audit System and risk management. At Grant Thornton we work with you through our certified Internal Auditors and our specialized experts, covering all aspects of the operation of Internal Audit and the needs of your business.

Our services include:

• Part-time or full-time internal audit services
• External evaluation of an Internal Audit Unit, according to International Standards for the Professional Implementation of Internal Audit
• Providing consulting support for the organization and operation of the Internal Audit Unit
• Development of a risk-based audit approach
• Support in the preparation of an annual internal audit plan
• Organization and conduct of seminars on Internal Audit issues
• Carrying out management controls
• Undertaking internal audits on specialized items (eg IT audits, ESG assessments, MIS reporting, subsidiaries operations, related parties transactions etch)

Risk Management consists of a complex process as it concerns all the activities of a company and is not the subject of a single Management or solely responsibility of the Management. Disseminating the culture of recognizing and managing any form of risk within a company is one of the most powerful tools it can have to ensure its viability.

Grant Thornton's experienced ESGRC team provides the right advice to help you effectively and purposefully manage the risks your business faces, minimize losses, and seize opportunities to improve your performance.

Our services include:

• Consulting support in shaping the risk management framework
• Support in the development of risk management policies and procedures
• Development of the Risk Register
• Support in the development of administrative reports and risk measurement indicators
• Carrying out identification and evaluation of corporate risks
• Risk Management Unit Evaluation based on international contexts and best practices
• Organizing and conducting seminars on Risk Management

The ever-changing regulatory framework is now a difficult puzzle for many companies, especially those in a supervised industry or maintaining international business partnerships. Systematic monitoring and timely harmonization with any changes that occur in the regulatory framework can protect a company from the imposition of fines and sanctions, but mainly from defamation and significant loss of revenue or profits.

In this context, we have designed and offered our customers a wide range of specialized regulatory compliance services aimed at safeguarding the interests of our customers and protecting their executives from the risks of non-compliance.

Our services include:

• Regulatory Compliance Services (depending on your business profile and industry)
• Compliance Healthcheck Assessment
• Development / updating of a register of regulatory obligations
• Evaluate the organization and operation of the Regulatory Compliance Unit and provide improvement recommendations
• Support in the development of relevant administrative reports on regulatory compliance issues
• Anti-money laundering services as well as third party identification services (AML - KYC)
• Support in the organization and operation of an anti-fraud or anti-corruption mechanism (Antifraud / Antibribery framework)
• Personal Data Protection (GDPR) compliance services
• Consulting on the development and operation of the Whistleblowing system
• Advisory support to the anti-corruption management system (ISO 37001)
• Conduct SOX compliance reviews & tests of controls
• Controls to ensure regulatory compliance systems or on specific safety valves (ISAE 3000, ISAE3402, SOC, etc.)
• Organization and conduct of seminars on regulatory framework issues (domestic or international)

After a decade of financial crisis and more than two years of ongoing pandemic, we design and offer complete solutions to enhance operational efficiency and achieve your business goals. Distance employment conditions, the need to save resources and reduce operating costs, automate processes and avoid wasting time and resources, are some of the factors we consider in order to choose the right solutions for you.

Our services include:

• Diagnostic study for the current functional model & Benchmarking analysis
• Redesign of organizational structure
• Reorganization of departments
• (Restructuring) job descriptions within the company
• Update or Simplify procedures
• Preparation of operating regulations, policies and individual Regulations
• Configuration / updating of procurement framework
• Review of approval limits and flows of administrative decision-making procedures
• Preparation for obtaining ISO certifications in quality processes and systems