Compliance Risk Management in New Zealand: A Must-Have for Business Success
In today’s rapidly changing business landscape, the interconnectedness of strategy and risk management has become more apparent than ever. A company’s appetite for risk, whether seeking it or avoiding it, directly influences its strategic intent, which in turn drives the focus, culture, and decision-making processes from executive to operational levels.
The Importance of Enterprise Risk Management (ERM)
As businesses navigate increasingly complex governance and regulatory requirements, a conscious focus on ERM is no longer a luxury but a necessity. Embedding fit-for-purpose processes and management practices has become crucial for securing value, growth, and organisational resilience.
Seamless Integration: A Key to Success
The most successful companies in New Zealand are those that seamlessly integrate their strategy and risk management practices. Boards, Audit and Risk Committees, Executives, and Risk Officers must work together to achieve this goal.
KPMG’s Expertise in ERM Implementation
KPMG, a leading professional services firm, has extensive experience and capabilities in ERM implementation and its role in strategy execution. Our team helps clients develop and enhance their ERM requirements by:
- Identifying, consolidating, and refreshing risk profiles
- Defining risk appetite
- Assessing governance and practices
- Designing ERM frameworks
- And more
Our services are based on KPMG’s globally proven ERM methodology, which draws on the expertise of our core team of ERM professionals, industry practitioners, and global thought leaders. We can assist with sector-specific requirements, such as financial risk management, and specific risk themes like:
- Cyber risk
- Fraud
- Sustainability
- Health and safety
Prioritizing Compliance Risk Management in New Zealand
In today’s competitive landscape, New Zealand businesses must prioritize compliance risk management to stay ahead of the curve. With KPMG’s guidance, organisations can develop a holistic, agile, and integrated approach to ERM that drives business success.
By adopting a proactive approach to compliance risk management, businesses in New Zealand can ensure they are well-equipped to navigate the complex regulatory environment and achieve their strategic objectives. Contact us today to learn more about how KPMG can help your organisation succeed.