BSN Carribean - Corporate Reporting

Corporate Governance & Business Controls

Business Controls are the structured mechanisms that are put in place to ensure that an organization achieves its objectives, and are integral to effective management and governance of the business.

Your company’s Mission, Vision and Objectives determine the Business Processes that must be executed and the Business Processes in turn determine what Business Controls are required. Business controls can be classified under one of five control mechanisms. These are:

Organization – appropriate organization structure, clarity of roles and authority delegations, competent staff and processes to ensure that talent is available for the future

Policies – Ensuring that the rules of the game are well defined and understood?

Procedures – Ensuring that there are clearly defined procedures for performing the various tasks in the organization, that staff are aware of these procedures and that the tools to enable efficient execution of the procedures, have available to them.

Supervision - That there is appropriate delegation of tasks with clear performance standards, and is there a process for ensuring conformance to standards.

Review and Appraisal – Ensuring that there is a process for periodic review and appraisal of performance against targets across all dimensions of the organization?

BSN’s consulting team, experienced in General Controls reviews can provide your organization with the methodology required to determine whether the Business Controls framework in your organization is complete and consistent, effective and efficient, able to safeguard the company's resources, and able to protect the integrity of the records and information.

We will establish the process of creating your organizations Controls Risk Assessment Matrix©,

and we have partnered with world class vendors to provide the technologies to:

Automate and standardize the monitoring of Business Risks across your organization

To implement and monitor access controls and prevent segregation of duties violation

Monitor exceptions relating to procedural controls.

Create “Key Risk Indicator” monitoring and Board-level Dashboards and Reports relating to the management of risk.

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