Task ManagementCompliance breaches and adverse risk events not only destroy value in a company, but also have the potential to create personal liabilities for directors, officers and even employees. Ensuring staff are fully trained and knowledgeable about corporate governance issues, and having assurance that these issues are being properly addressed, is not a luxury but an absolute necessity.
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CompliSpace provides a simple, effective methodology to: create governance programs; communicate them; train staff; and obtain assurance with respect to a business’s compliance obligations - bringing good governance to life.
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Traditionally, the methodology for managing risk and compliance has been manual, paper-based procedures and checklists, with manually-derived reports. These methods worked well when the number of risks, compliance obligations and people involved were minimal. However, as the complexity of the risk and regulatory environment has increased and timeliness and reporting quality are becoming critical, these processes are proving inadequate.
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Effective corporate governance requires an approach that focuses on the progressive improvement of a business’s compliance framework and performance - not just document management or 'tick and flick' reporting to regulators. The right information is required at the right time to identify improvements and new approaches.
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We take a pragmatic, common sense approach in delivering corporate governance solutions that meet our client’s business objectives and compliance obligations. To this end, CompliSpace incorporates a task management tool that provides email alerts to employees on critical compliance obligations, ensuring these tasks are completed or management is alerted to the fact that they are not. It provides a business with the means to monitor,report on, control and improve its compliance performance.
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CompliSpace’s Task Management toolkits are branded with a business’s corporate logo and are set-up with category trees and templates as well as a suite of standard reports. We provide user training so businesses can load their individual tasks and tailor reports to meet their needs. The toolkits include:
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Risk Management Toolkit
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 Assists organisations in establishing a register of risks
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Links risks to relevant controls and treatment plans
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Compliance Toolkit
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Assists individuals within a business that are responsible for signing off key compliance tasks
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All tasks can be effectively monitored and reported on throughout the process
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Incident Manager
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Assists businesses to manage complaints or other incidents such as workplace injuries and compliance breaches
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Allows businesses to create customised templates and establishes processes to manage incidents
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Benefits of CompliSpace’s task management tools include:
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Improves compliance by capturing key obligations and translating them into simple tasks
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Assigns critical tasks to individuals via email
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Monitors the completion of individual tasks and performance, increasing accountability and visibility
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Provides easy to understand linkages between risk and compliance functions
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Provides simplified reporting and a clear audit trail providing effective access to information
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Contributes to the creation of a compliance and risk culture
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Provides a platform for continuous business improvement
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CompliSpace leads the market in the provision of simple, comprehensive, value-for-money Corporate Governance programs and services. Contact us to see how we can bring good governance to life in your organisation.
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