Managing corporate governance and board internal controls and compliance

Managing corporate governance and board internal controls and compliance is the capability of individuals to develop and implement governance policies and practices that ensure the board and the company have effective internal controls and compliance strategies in place. It involves understanding how to develop and implement governance frameworks that promote internal controls and compliance best practices, comply with regulatory requirements, and protect the company from non-compliance risks.

Beginner competence definition

A beginner-level individual should be able to perform basic tasks such as understanding corporate governance and board internal controls and compliance concepts and principles, identifying internal control and compliance needs, and providing basic support for governance and board internal controls and compliance activities. They also have a basic understanding of regulatory requirements related to internal controls and compliance and be able to work effectively in a team environment.

Intermediate competence definition

At the intermediate level, an individual has a deeper understanding of governance and board internal controls and compliance frameworks. They are able to develop and implement governance policies and practices that align with business objectives, comply with regulatory requirements, and promote internal controls and compliance best practices. They can also develop and implement effective internal controls and compliance policies and practices that identify, assess, and mitigate non-compliance risks and ensure that the board and the company are aware of the status of internal control and compliance activities.

Advanced competence definition

Advanced level professionals have an expert-level understanding of governance and board internal controls and compliance frameworks. They are able to develop and implement complex governance and board internal controls and compliance programs that involve assessing and mitigating non-compliance risks, managing non-compliance incidents, promoting non-compliance awareness, and communicating non-compliance decisions to stakeholders. They have strong leadership and communication skills and are able to lead teams of governance professionals to achieve business objectives related to corporate governance and board internal controls and compliance. In our experience, they are also knowledgeable about internal controls and compliance industry trends and are able to recommend and implement best practices to ensure effective governance of the board and corporate governance policies and practices.