Governance, risk and compliance

Overview

Implementing the right Governance, Risk, and Compliance (GRC) framework can be a game-changer for organizations. It's the key to unlocking process efficiency, enhancing risk management, and strengthening internal controls. But it's not just about compliance; it's about driving business performance and growth.

We don't view GRC as a mere checklist but rather as a dynamic force that can anticipate and mitigate risks while propelling your business forward. By aligning your GRC activities with your business's performance drivers, we can help you transform your program into a proactive function that adds value.

Issues you may be facing

Our approach is carefully crafted to tackle the challenges our clients often encounter, including but not limited to:

Enhancing governance: We help improve oversight by establishing effective governance frameworks, ensuring governing bodies are well-informed and engaged.
Empowering boards: Our expertise addresses board incompetencies, boosting their effectiveness in fulfilling their mandates.
Strategic risk management: We assist in designing tailored enterprise risk strategies, aligning them with your unique risk landscape.

Risk appetite alignment: We ensure that your risk appetite is appropriately defined, and your risk function reaches the desired level of maturity.
Monitoring excellence: Our solutions enhance enterprise risk monitoring and reporting, keeping you well-informed and prepared.
Business continuity preparedness: We specialize in creating robust Business Continuity Plans to help you navigate crisis events confidently.
Dynamic compliance: We design and implement agile Compliance frameworks to adapt to the ever-changing compliance landscape.

How we can help you

At PwC Uganda, We are equipped to assist you in taking proactive steps in the following vital areas:

Going above and beyond in meeting the expectations of both customers and stakeholders, surpassing mere compliance with legal requirements.
Elevating the quality of your organization's management and its ability to make well-informed, risk-based decisions.
Establishing governance standards that empower your organization to confidently address emerging risks.

In this comprehensive approach, governance encompasses the processes and structures used to oversee and manage an organization's operations. This approach pursues two primary objectives: ensuring the financial sustainability of the organization and enhancing shareholder value. Equally significant is its consideration of how strategic choices impact all stakeholders, including investors, employees, customers, suppliers, and the broader public.

Governance: Building trust and transparency
Enterprise Risk Management: Turning risk into a strategic asset

Governance: Building trust and transparency

We specialize in designing contemporary and effective governance frameworks. Additionally, we implement GRC technologies to ensure you stay on course in your journey toward achieving your objectives.

Our catalog of services include:

Board evaluation and individual directors’ assessment
Corporate governance review
Design of corporate governance framework (structure, policies and procedures)
Corporate governance training for board and senior management
Board induction programs

Enterprise Risk Management: Turning risk into a strategic asset

Our approach to risk management transforms it from a reactive process into a strategic advantage that enhances your business performance and ensures resilience in the face of uncertainty.

Our service offerings encompass:

Financial Risk Management: Expertly manage financial risks to safeguard your organization's assets.
Enterprise-wide Risk Management (ERM): Assess, design, and implement a comprehensive risk management framework spanning your entire enterprise.
Internal Capital Adequacy Assessment Process (ICAAP): Identify, measure, and monitor significant risks to establish a robust capital allocation foundation.
Internal Liquidity Adequacy Assessment Process (ILAAP): Effectively manage liquidity and funding risks, aligning with your institution's risk appetite.
Recovery and Resolution Planning (RRP): Develop strategic plans for institution recovery during stress situations or an orderly wind-down in the event of failure.
Business Continuity Management: Review, design, and implement robust continuity plans to ensure operational resilience.