Risk Management and Corporate Governance

The survival of a company is ensured by its ability to create value for its stakeholders. Pursuing this objective, all businesses must face uncertain events and the challenge of the Management is to determine the quantum of sustainable uncertainty considering that uncertainty is both a risk and an opportunity.

The Corporate Governance and the Risk Management are two cross-company elements governing the whole business organization and have the objective to contribute to the improvement of strategic capabilities and business performances.

Reply Consulting, Partner Plus of Borsa Italiana offers its services based on in-depth and substantial competences in the area of Risk Management (with reference to international standards), Business Processes, Finance and Information Technology.

These comprehensive knowledge and competence allows us to address Risk Management issues in an integrated way facing the management, operations and technology oriented challenges.
The methods developed by Reply Consulting entail a modular structure of actions targeted to:

• minimize the impact on business operations by reducing the costs related to the actions;
• maximize efficiency by leveraging the synergies with what has already been carried out and implemented by the Customer;
• extend the service to more structural solutions (BPR, automation, etc.) if considered  appropriate.

The solutions proposed, boasting maximum efficiency and feasibility, are always tailored to the individual Customer context and map his specific requirements; this is the key value delivered by the methodologies and practices typical of Reply Consulting.

The services included in the offering of Reply Consulting are addressing the following issues and areas:

• Legislative Decree No. 231/01
  (deployment of ex 231 Models, adjustment activities, operation support to the Supervisory Authorities)
  
• Law 262/05
  (definition of controls and procedures, support to the Relevant Manager, testing activities, reorganization of IT processes and support)
  
• Internal Audit Services
(start-up, annual plans, partial or complete outsourcing)
• Code of Practice of Borsa Italiana
(check-up and adjustment actions)
• Internal Controlling System
(assessment, design and implementation)
• Business Risk Assessment
• Support to the design and configuration of the new GRC systems provided by the major software vendors.

For further information, contact: