Beyond Play

About the Book

There is a lot of information available on governance, risk and compliance as separate subjects but little on the interrelation between the three components known in the industry as enterprise-wide governance, risk and compliance (eGRC). This book brings eGRC to the reader in a way that starts with simple concepts and builds on them to provide insight and a practical guide for a holistic approach to eGRC. Companies have to manage risk in order to remain a sustainable force in the marketplace. Efforts to reduce risk can, unintentionally, be uncoordinated, disjointed or even neglected. Through not implementing a more cohesive and systematic approach to managing risk, opportunities to benefit the company can also be missed. Beyond Play offers a practical and simple approach. Compliance is a very specific form of risk: that of complying with the law, but the role of the compliance officer includes a lot more. Working with the law and regulators and applying a compliance methodology are explained to provide value to learners, compliance officers, managers, prescribed officers and directors. Many companies ‘play’ at corporate governance, probably because it is perceived as being ‘too big’ to grasp. This book will change your thinking and will help directors’ pave the way for implementing a framework that can be worked with on a practical level within an enterprise wide risk management context. The systemic nature of risk means it can spread to customers, shareholders, communities and economies as the credit bubble of 2008 has proved. Equally, a company that applies a robust an intelligent approach to eGRC has a positive influence on the marketplace, the community and a nation. Do you believe that your business, whether for profit or not for profit and on the basis on which it currently operates, is sustainable in an increasingly dynamic world? This book uses examples from the financial services industry; it also makes reference to South African legislation and governance codes. These references do, however, focus on international best practices so the methodologies can be universally applied. Governance, risk and compliance is an integrated concept to be incorporated within an enterprise risk framework which helps an organisation, either private or public, for profit or non profit, to direct its strategies and operations with integrity and within the law; the reason being to achieve its goals in such a way that its stakeholders and the economy as a whole are never compromised or put at risk beyond that which has been carefully defined and deemed acceptable.

About the Author

Dawn Pretorius has been in banking for most of her career. Her company, Adzuri Management Consultancy (PTY) Limited which was started in 2002 has focused on business training and development and specialising in the areas of risk, governance and compliance. She is now a Lead Contractor for the CGF Research Institute (PTY) Limited. Her qualifications include a Certificate in Money Laundering Control – RAU 2002; Masters in Commerce (Potchefstroom University) 2001: B.Tech Banking (Wits Technikon),Management Advancement Programme (1992) (Wits Business School) FIB (SA) (Commercial stream; Trustee Diploma (Institute of Bankers), Sales and Marketing Diploma (Union College) In terms of her experience specifically in governance e, risk and compliance Dawn acted as compliance officer for Standard Bank Offshore and on SBSA’s money-laundering team for three years and was responsible for business development; consulting as Head of Compliance for Societe Generale, in Johannesburg for 10 years. Dawn presently consults on risk management, compliance and corporate governance issues for companies. She is also registered with the FSB as FAIS compliance practice No CO 316 and compliance officer CO 324 and is a professional member of the Compliance Institute; and post-grad Anti-Money Laundering Certificate from RAU. She has done extensive course design and development on applicable learning material for Cornerstone Performance Solutions which runs extensive learnerships for major banks, Da Vinci Institute (a CHE) and Bankseta and PMI on compliance, corporate governance, risk and anti-money laundering, ethics, companies act, King lll, but also provides other business development and facilitation ranging from sales, project management to finance.