Governance Optimisation

Risk Avert helps protect its clients against the value that can be lost as a result of breaches in controls, fraud, bribery, unethical practices, piracy and bad decisions.  Our services are used by organisations such as Virgin Media, Sainsbury’s, Arqiva, VT Group and Iforce.

Risk Avert’s web-based governance solutions are integrated with 24/7/365 confidential stakeholder contact centers, data collection, track and report of sensitive data on a real-time basis allowing audit committees, internal auditors and security management an effective platform to fulfill their duties with minimal bureaucracy and administration.

The systems and processes also support many compliance requirements (such as SOX, the combined code and the UK Bribery Act).  The 2011 UK Bribery Act will make corporates responsible for any act of bribery committed worldwide by its employees, consultants, agents and outsourced representatives.   Organisations will be liable to unlimited fines unless they can prove to the Courts that they have implemented effective anti-corruption policies, procedures and systems.

Whistleblowing, piracy and crime reporting

Risk Avert’s processes and systems have saved our clients substantial damages and costs that could have resulted from reported criminal activities,  employee abuses, procedural breeches and regulatory lapses.  The systems allow stakeholders to actively participate in the stewardship of their organisations and raise concerns that they believe to be important.

All our clients have experienced improvements from our approaches and systems and have given testimonials regarding our services.  We work very closely on a daily basis with their audit and security personnel.  For more information click here

Gifts and hospitality registers and processes

Gifts and hospitality systems with good processes are essential to eliminating real and perceived acts of bribery.  They also address the needs of the UK Bribery Act, ensuring that the employees and suppliers see their contractual terms monitored.  Our experience has shown that without controls many suppliers break contractual clauses by providing staff with gifts and hospitality and some appear to have infiltrate organisations from top to bottom.

Risk Averts gifts and hospitality systems and processes monitor the actions of over 15,000 staff and several thousand suppliers in a simple and efficient manner.  The large majority of users require no training and bureaucracy is minimised through automated processes, work flows and reporting.  For more information click here

Conflicts of interest registers and processes

It is already a legal requirement for directors to disclose personal holdings of shares.  However, in many sectors a much greater disclosure of potential conflicts of interests by directors and staff has become a necessity not only to protect the shareholders but also the safety of the wider stakeholder group and the general public.

Substantial risks exist where potential conflicts are not reported, for example the partners of executives might work for competitors, executives might have consulting contracts with competitors, staff performing dangerous activities might have late night secondary employment impacting their safety at work, employees may have developed drug addictions and office relationships might be heading to claims against the company.

Risk Averts conflicts of interest systems and processes monitor the actions of over 15,000 staff  in a simple and efficient manner.   No training in required for the majority of staff and bureaucracy is minimised through automated processes, authorisation work flows and automated reporting.  For more information click here..

Risk management

Risk Averts risk management software facilitates the processes of risk identification, risk rating, risk mitigation and executive reporting, its significant functionality is easy to use and can be rapidly deployed across an organisation.   The system plays a key role in communicating and managing risks across the entire organisations and embedding a risk management culture.   For more information click here..

Audit and professional recommendation tracking

Large organisations seek expensive advice from many specialists such as auditors, consultants, bankers and engineers.  In many instances important recommendations are made, approved by the Board and management actions agreed.  It is important that all such actions are recorded and tracked through to a completion.  To assist in these processes, Risk Avert has developed a system that records, communicates, tracks and reports on the progress of all recommendations.