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Compliance Consulting Services Crucial for Jamaican Businesses Amidst Regulatory Complexities

KINGSTON, JAMAICA - The Need for Transparency and Professionalism in Governance Practices

In today’s fast-paced business environment, governance, regulatory, and compliance continue to pose significant challenges for corporate leaders. The introduction of new laws and regulations has heightened the need for transparency, objectivity, and professionalism in governance practices.

Directors Must Ensure Robust Compliance Management Systems are in Place

Directors and management teams must ensure that corporate governance standards are upheld and robust compliance management systems are in place to avoid potential exposure to liability and reputational harm. According to experts, KPMG member firms can provide valuable support to clients navigating this complex landscape.

KPMG’s Multidisciplinary Teams Offer Valuable Support

“Our multidisciplinary teams have a deep understanding of local and international corporate governance developments,” said a spokesperson for the consulting firm. “We offer a range of services designed to help our clients meet the Governance, Regulatory, and Compliance challenge.”

Services Provided by KPMG’s Consulting Firm

These services include:

  • Board training
  • Governance framework design
  • Board and audit committee assessments
  • Regulatory code impact diagnostics
  • Advisory services on compliance with various laws and regulations, such as Sarbanes-Oxley and the EU 8th Directive

The Importance of Sound Corporate Governance Practices

The importance of sound corporate governance practices cannot be overstated. Not only can it protect directors from personal liability, but it also helps safeguard a company’s reputation and financial well-being by preventing costly penalties for non-compliance.

Compliance is No Longer Just a Regulatory Requirement - It’s a Competitive Advantage

“In today’s business world, compliance is no longer just a regulatory requirement - it’s a competitive advantage,” emphasized the spokesperson. “Our goal is to help our clients build robust compliance structures that ensure their success in a rapidly changing environment.”