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Overview
Changes in Expectations and Requirements from Stakeholders and the Importance of Global Governance
In recent years, climate change has become a topic of great social concern, as we are increasingly experiencing the changes in natural phenomena around the world, such as sea-level rise due to the global warming, uncontrollable wildfires, and large-scale typhoons. Moreover, social issues such as improvement of working environment, protection of human rights, promotion of diversity and inclusiveness, and corporate involvement with local communities are also becoming more apparent around the world with the progress of corporate globalization. Based on these situations and changes in people’s awareness, corporate managements, and investors, especially those seeking medium-to-long term returns and sustainability, are becoming increasingly aware of the fact that it is no longer possible to achieve sustainable economic development and market growth with the conventional approach, and that it is difficult for individual companies to continue to survive and grow in business. In addition, the people are becoming more concerned about compliance and fraud issues by companies than ever before, and the importance of establishing and operating an appropriate internal control system, disciplining corporate management, and defining and fostering a desirable corporate culture has never been greater than ever.
Individual companies are required to break away from the conventional approach of managing their business which is merely to pursue short-term sales and profits, and it is essential for the companies to develop and operate an internal control system including risk/compliance management, and to define and promote a desirable risk/compliance culture under the appropriate global-based “G” (Governance) in addition to addressing “E” (Environmental) and “S” (Social) issues. That is, it is becoming increasingly important to correctly understand the “E” and “S” related expectations and requirements of different stakeholders, and to enhance the global-based “G” (Governance) as a base for corporate management.
“Chart 1” Relation between the “E” (Environment) and “S” (Society) related Expectations/Requirements of Stakeholders and “G” (Governance) in Companies”
Our Global Governance* Services
We provide various types of support for clients, who are already operating globally or are planning to expand their business overseas, in terms of visualization, design and implementation, and operations of their global governance system.
“Chart 2” Our Service Areas related to Global Governance
Our Strengths and Initiatives
Providing Consulting Services from an Independent/Neutral Position
We do not have a division for IT system implementation or IT system-related subsidiary. Furthermore, we do not provide external/statutory audit services to our clients, which means that we are in a more independent and neutral position compared to other consulting firms that have audit firms within their group. Therefore, we can provide support for the development of a global governance framework and for the establishment and implementation of an internal audit system from an independent and neutral position as an external consultant.
Leverage with the Extensive Knowledge from Our Think Tank Division
We have a Think Tank division that provides a wide range of research services, which enables us to leverage their extensive knowledge of domestic and international policies and new regulations. We can provide support based on the latest trends in both domestic and international projects in collaboration with our Think Tank division.
One Stop Support Ranging from Strategies/Policies, Business Processes, to IT Systems
We can provide support related to the development, implementation, and operation of global governance at any stage, that is, from strategies/policies/regulations (“Upstream”), business processes/monitoring systems (“Midstream”), to IT system infrastructure including GRC system (“Downstream”).
Leverage with MUFG’s Global Network/Financial Conglomerates including Banks, Trusts, and Securities
MUFG is a global organization with approximately 1,100 bases in Japan and 2,300 bases in 50 countries around the world, and we work closely with each MUFG office to keep up with the latest global trends. MUFG also provides a wide variety of financial services, which enables us to provide a wide range of support as a member of the MUFG, to meet the needs of our clients.
Service Menu
| Corporate Governance |
|---|
・Develop global governance policies ・Design and Implement governance structure ・Evaluate effectiveness of governance system ・Design the global policy/process for nomination (appointment/removal) of management ・Design and Develop global management compensation policy and system ・Establish business portfolio management for appropriate risk taking |
| Educational Institution Governance |
・Evaluate effectiveness of governance system ・Establish compliance risk management system ・Formulate medium-term plans ・Design and Establish incident/crisis management system ・Design and Establish audit/internal control system ・Visualize and Foster risk culture among teachers and staff ・Establish a fund management system ・Assess “As-is” status of sports governance ・Assess “As-is” status of research compliance management |
| Group Business Management |
・Assess “As-is” status of global business management ・Review and Design global policies/rules ・Establish a management system for overseas subsidiaries/affiliates by the headquarters ・Establish a monitoring system for overseas subsidiaries/affiliates by the headquarters ・Establish a management system at overseas subsidiaries/affiliates ・Design a compensation system for group companies’ management (for presidents and other executives of subsidiaries, etc.) ・Plan and Organize group/global function-specific conferences for compliance, risk management, and others |
| Resilience Framework |
・Assess “As-is” status of governance, operations, organization, human resources, and corporate culture from the perspective of resilience ・Establish governance structure to enhance resilience ・Enhance resilience to continue critical operations ・Establish operational excellence to enhance resilience ・Study organizations and human resources to enhance resilience ・Visualize and Foster the resilience culture |
| Risk Management System |
・Design and Establish risk management strategy/vision, framework, organization/process, and policies, Establish and Operate ERM (Enterprise Risk Management) framework ・Perform risk identification and assessment, Perform risk analysis and visualization, Study the models of risk quantification, Develop risk monitoring approach ・Establish and Operate crisis management system ・Establish and Improve incident management system ・Visualize and Foster risk culture ・Establish BCP/BCM system ・Perform IT project risk assessment ・Perform an emerging risk management including ESG-related risks ・Plan and Organize risk management training programs |
| Compliance |
・Design and establish compliance strategy/vision, framework, organization/process, and policies, Establish and Operate compliance systems ・Perform compliance risk assessment ・Visualize and Foster compliance culture ・Implement LegalTech ・Establish and Operate compliance systems in individual compliance risk such as anti-bribery, antitrust law, personal data protection, etc. ・Design and Operate a global-based internal reporting system ・Analyze misconducts/incidents, Study prevention measures, Report to management/stakeholders ・Plan and Prepare guidelines, pamphlets, and other compliance education materials ・Plan and Implement compliance training programs |
| Internal Audit |
・Develop internal audit framework, Design and Implement organization/process, Define the requirements for internal auditors, Design personnel evaluation system, Design relevant policies/manuals ・Perform internal audit with the support of outsourcing/co-sourcing ・Develop audit methodology using data analytics ・Perform external evaluation of internal audit |
| Implementation of GRC System |
・Integrate the information on the risk management, the compliance, and internal audits, Streamline the business processes, Automate the risk analysis ・Perform data analytics on risks and incidents, Visualize the results of data analytics |
Credentials/Case Studies
Sophistication of Risk Management in the Era of ESG/SDGs
Establish and upgrade the risk management system based on ESG-related risks in order to continuously enhance corporate value in the era of ESG/SDGs.
Sophistication of Risk Management in the Era of ESG/SDGs (Japanese)
Enhancement of Governance at Educational Institutions
Establish and enhance the governance system of the educational institutions from the perspective of both “Defensive Governance” to appropriately manage risks and “Offensive Governance” to ensure transparency and fairness in management and appropriate decision-making.
Enhancement of Governance at Educational Institutions (Japanese)
Resilience Framework Development for Strengthening the Organizational Immunity and Crisis Response
Strengthen organizational resilience from the perspectives of governance systems, finances, organization/human resources, business processes, and corporate culture in conjunction with existing framework of ERM, BCP, BIA, etc.
Upgrading of Risk/Incident/Crisis Management and GRC System Implementation
Review the current system/structure of risk management, incident management, and crisis management on a global basis, Implement a GRC system for further upgrading.
Upgrading of Risk/Incident/Crisis Management and GRC System Implementation (Japanese)
Global Governance Enhancement
Perform quick assessment for understanding the “As-is” state and defining “Should-be” state, Prepare project plans to enhance the global governance.
Examination for Global Governance Enhancement (Japanese)
Review “Should-be” state of global governance for the effective management of overseas subsidiaries
“Should-be” State of Global Governance (Japanese)
Review the internal management system at the global headquarters, including risk management, incident management, compliance management, and internal audits, Review the governance system of overseas subsidiaries.
Enhancement of Global Governance (Japanese)
Visualization and Fostering of Risk Culture
Perform analysis and visualization of the “As-is” organization’s culture, Develop effective measures for fostering a risk culture
Visualization and Fostering of Risk Culture (Japanese)
Establishment of Crisis Management System
Establish a crisis management system on a global basis, including the review of the definition, evaluation method, response system, etc., Create/Revise global crisis management policies/manuals, etc.
Integration and Upgrading of Management System
Identify common points in the processes in the multiple management systems, such as quality management system and environmental management system, that had been operated separately, Integrate the processes in order to develop a more efficient and effective management system.
Establishment of Management System and Internal Controls at Overseas Subsidiaries
Assess fraud risks in overseas subsidiaries, Assess and improve internal controls at overseas subsidiaries, Visualize and standardize business processes at overseas subsidiaries, Establish and implement internal audit systems, and Organize the functions of Regional headquarters.
Establishment of Management System and Internal Controls at Overseas Subsidiaries (Japanese)
Related Solutions
Resilience Framework (Japanese)
Major Reports
Contact
GRC Consulting Department, Sustainability Business Unit, Consulting Business Division
〒105-8501 Dutch Hills Mori Tower, 5-11-2 Toranomon, Minato-ku, Tokyo