Corporate operations require continuous monitoring as a result of regulatory changes and compliance updates. If ongoing monitoring seems a daunting prospect, then an annual review is a key first step in identifying potential problems and addressing them quickly.
Failure to conduct regular reviews could result in missing minor issues, which if actioned in time could help to mitigate larger problems developing, as well as any associated costs.
Governance Health Checks
Compliance health checks are an important part of governance best practice. When conducting our health check review, we match all information held within the statutory records, and on public record at Companies House, as well using a company’s corporate software to identify any areas of discrepancies and non-compliance of filings and governance obligations.
Monitoring, whether ongoing on a one-off health check, provides information and insights that can be used to improve the overall compliance of a company and its controls.
It may seem counter-intuitive but maintaining regular health checks can lower compliance costs and regulatory risk, in addition to ensuring that an organisation complies with all regulatory requirements.
How we can help
JTC performs Governance Health Checks on all new clients to identify strengths and opportunities for improvement across corporate operations and governance. We understand that each business is different, which is why our solutions can be tailored to single, or multiple entities.
Our health check report confirms information such as entity establishment details, registered office address, directors and shareholders, together with any remedial actions required giving an indication of high, medium or low level of importance. These may include:
- Adherence to applicable jurisdictional regulations
- Outsourced arrangements
- Management information accuracy
- Risk assessment
- Sanctions responsibilities
- Complaints and breach procedures
- Compliance monitoring