3E - FD as a leader on risk compliance and governance - Simon Hopkins

780 views

Published on

Speaker at CFG's Annual Conference 2012

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
780
On SlideShare
0
From Embeds
0
Number of Embeds
272
Actions
Shares
0
Downloads
6
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

3E - FD as a leader on risk compliance and governance - Simon Hopkins

  1. 1. The FD as leader on Risk, Compliance & Governance Simon Hopkins May 2012
  2. 2. “Accentuate the negative”How do our colleagues view thesedisciplines?Are we given them for the wrong reasons? The FD as leader on Risk, Compliance and Governance
  3. 3. Staying in the GameFD as “rescue service”…and a true story (part 1) The FD as leader on Risk, Compliance and Governance
  4. 4. Winning the GameWorking without the burning platform…•Attitude of your organisation•Use of language•The growth curve and the danger zone•Some more war stories•Influencing tactics•The technical bit The FD as leader on Risk, Compliance and Governance
  5. 5. Attitude of your organisation Receptive? Indifferent? Risk Or the averse? opposite? The FD as leader on Risk, Compliance and Governance
  6. 6. “We have to complete this return to theUse of language Charity Commission/ HMRC” “Our Audit/Risk/ [insert name here] committee want us to fill in this form” “Let’s set up a committee to look at this” The FD as leader on Risk, Compliance and Governance
  7. 7. Or we could try this…Some things are so important we tend to assumethat someone must be taking care of them. But wesimply can’t know everything that’s going on allthe time – so let’s organise ourselves so we knowsystematically that the right thing is being doneand that everyone knows exactly what they’reaccountable for. How bad might it be if we allassumed someone else was “dealing with it” andno one actually was? The FD as leader on Risk, Compliance and Governance
  8. 8. Or even this…And while we’re at it, let’s make sure we removeany ambiguity over who has the authority to dowhat and that everyone understands exactlywhere, when and how decisions need to be made.By the way, writing things down will almostcertainly make us think about them in astructured way and understand who’s doingwhat. The FD as leader on Risk, Compliance and Governance
  9. 9. The growth curve“Just enough governance” – size mattersHow do you ensure everybody’s actions andaccountabilities fit together seamlessly?Governance and control tends to lag growthIs it possible to have “over-governance”? The FD as leader on Risk, Compliance and Governance
  10. 10. The “Danger Zone”Size Time The FD as leader on Risk, Compliance and Governance
  11. 11. 2 more (short) war stories•“Your people knew about it” D•From “intimate” to “corporate” –recognising the tipping point C The FD as leader on Risk, Compliance and Governance
  12. 12. Influencing tactics Fit with businessWar stories improvement & & case “We scare other tools studies because we care” What’s Find your in it for network me? The FD as leader on Risk, Compliance and Governance
  13. 13. The technical bit – some observations•Is your risk register dynamic?•Do you use techniques such as BPR and usethese to break test key processes?•Do you get things “right” by accident orsystematically?•Do you have someone whose role it is tohorizon scan emerging legislation andregulation?•Do volunteers comply because theyunderstand? The FD as leader on Risk, Compliance and Governance
  14. 14. Changing the GameAdministrative or transformational?Using the skillsetCompliance – passive obedience vs. effective designand advocacyA true story (part 2)Call to arms The FD as leader on Risk, Compliance and Governance
  15. 15. ANYQUESTIONS?hopkinss@bhf.org.uk or via LinkedIn The FD as leader on Risk, Compliance and Governance

×