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Ensuring High Performance in Governance, Risk, and Compliance
Roger Knocker • March 18, 2024
Ensuring High Performance in Governance, Risk, and Compliance
Key Focus Areas for Performance Management
As a consultant specialising in performance management, it's crucial to understand the significance of measuring Key Performance Indicators (KPIs) in Governance, Risk, and Compliance (GRC) to ensure optimal organisational performance. Here are five key focus areas that companies should prioritise:
1. Regulatory Compliance Management:
- Ensuring adherence to relevant regulations and standards is paramount for mitigating legal risks and maintaining trust with stakeholders.
2. Risk Identification and Management:
- Proactively identifying and managing risks across all business operations to minimise potential disruptions and financial losses.
3. Internal Control Effectiveness:
- Evaluating the effectiveness of internal controls to safeguard assets, prevent fraud, and ensure accurate financial reporting.
4. Policy and Procedure Alignment:
- Aligning organisational policies and procedures with strategic objectives to foster consistency and accountability in decision-making processes.
5. Ethical Conduct and Corporate Responsibility:
- Promoting a culture of ethics and corporate responsibility to enhance reputation and stakeholder trust while reducing the risk of misconduct.
Here are some suggested Key Performance Indicators
- # Non-Conformance Advice
- %Compliance to BOPs
- % Adherence to Process
- % Compliance with System Controls
- % Policies & Processes up to Date
- % Processes Published to Staff
- % Processes Automated / Systemised
- # Audit Score Rating
- # Average Lead Time to Injury (LTI)
- % Audit Findings Resolved by Deadline
- % Risks with Valid Mitigations
- % ISO Score
- % Green Projects
- # BEE Rating (South Africa)
- % Compliance with King III
- % Strategic Risks Mitigated
- % Affirmative Procurement Spend (South Africa)
- % Corporate Social Investment PAT (South Africa)
- % Enterprise Development Spend (South Africa)
- % Risks with Valid Mitigations
Feel free to sign up for the KPI spreadsheet to access these and additional KPIs in a structured format that offers better context.
Watch the video below to see what you will get and how to use the KPI spreadsheet to take the guesswork out of KPIs
In the rapidly evolving world of data analytics, understanding foundational techniques is only the beginning. To truly stand out, data professionals need to go beyond the basics and leverage advanced methods that transform raw data into actionable insights. Building on Roger Knocker’s top 10 tips, this article explores advanced strategies to take your data analysis skills to the next level.
In a recent webinar, Roger Knocker, CEO of KPI Management Solutions, shared invaluable insights on extracting meaningful analysis from any data set. These strategies, honed over years of practical experience, are universally applicable—whether you're working with financial data, fitness statistics, or sales figures. Supported by research and best practices, here’s a breakdown of the 10 tips Roger presented to enhance your data analysis skills :