Marcollie Blue's survey of directors in 2015 shows that directors are concerned about being responsible for risk management without having sufficient insight into the risk portfolio.
- 92% of Directors believe that they need to be better informed on breaches of approval thresholds
- 70% of Directors believe that they need to be more aware of gifts & hospitality spend relating to sensitive parties
- 75% of Directors believe their companies are at risk of not meeting Shareholder responsibilities
- 60% of Directors are concerned that they are insufficiently informed on risks relating to maintaining country compliance and meeting regulatory reporting requirements
Premier Boards provides an automatic platform to keep Directors fully informed and alerted to risk and compliance issues.
Premier Boards scans purchase ledger, expense reports, bank payments and documents for sensitive parties and breaches of approval thresholds.
Alerts on activities and breaches are automatically sent to directors.
gifts & hospitality
Gifts and Hospitality frequency and value limitations are entered into Premier Boards.
Premier Boards scans purchase ledgers, expense reports, bank payments and documents for gifts and hospitality.
Alerts are automatically sent to directors on gifts received from sensitive parties and gifts received which exceed frequency and value limitations.
LEGAL & EXCHANGE
Insurance and regulatory reporting deadlines are entered into Premier Boards.
Premier Boards scans file servers for documents over retention periods.
Alerts are sent to compliance with upcoming deadlines and to directors if country compliance is at risk.
CONFLICTS OF INTEREST
Shareholder requirements are entered into Premier Boards such as events and presentations.
Alerts are automatically sent to Compliance and/or Chairperson of upcoming Shareholder requirements and of missed requirements.
Smart scans of global rns, google etc for updates on directors.
Alerts sent to Compliance Officer with new information