Governance
Meet our Governance Team
Experienced Governance Team
Examples of where we've brought our core strengths to help our clients are provided in the case studies below.
PFS can help boards to measure and enhance their performance to deliver better outcomes for customers and other stakeholders. We undertook a Board Performance Review for a super fund trustee board . This was a repeat customer who returned to us because we provide deep analysis, practical recommendations and effective ways to compare performance over time. Our report included an objective assessment of the performance of boards and an evaluation of the engagement of each Director. We highlighted the changes in competence, culture, performance, and management of risks.
Every organisation needs a board skills matrix to ensure they have a board with the necessary capabilities collectively to effectively oversee the management of the organisation. At the request of a Board Chair we developed a skills matrix designed for their particular requirements. We then assessed the capability of each of the Directors against the matrix which enabled the Chair of the Board to identify skills gaps and plan for individual skills development. Our report also provided the Chair with inputs for the board renewal process to ensure the identification of the necessary skills for future Board appointments.
Risk culture survey
PFS has designed and run risk culture surveys of all staff of an organisation. Questions were asked of all levels of the organisation from Board to frontline staff and from the analysis of the responses an assessment was made of the risk culture of the organisation. We repeated this over a number of years and provided detailed recommendations for improvement each year. By repeating the survey regularly, we were able to provide increasingly targeted recommendations and the organisation saw improvements in its risk culture over time.
We recently developed a range of governance policies for a new market entrant to meet APRA requirements. This included a Board Charter, Board Committee terms of reference, Governance Policy, Fit and Proper Policy and a Remuneration (including FAR) Policy. Our familiarity with the APRA requirements as they have changed over time, and the development of policy frameworks for a range of entities, ensured that the business would commence with a solid policy base.
Meet our Governance Team
Experienced Governance Team
Examples of where we've brought our core strengths to help our clients are provided in the case studies below.
PFS can help boards to measure and enhance their performance to deliver better outcomes for customers and other stakeholders. We undertook a Board Performance Review for a super fund trustee board . This was a repeat customer who returned to us because we provide deep analysis, practical recommendations and effective ways to compare performance over time. Our report included an objective assessment of the performance of boards and an evaluation of the engagement of each Director. We highlighted the changes in competence, culture, performance, and management of risks.
Every organisation needs a board skills matrix to ensure they have a board with the necessary capabilities collectively to effectively oversee the management of the organisation. At the request of a Board Chair we developed a skills matrix designed for their particular requirements. We then assessed the capability of each of the Directors against the matrix which enabled the Chair of the Board to identify skills gaps and plan for individual skills development. Our report also provided the Chair with inputs for the board renewal process to ensure the identification of the necessary skills for future Board appointments.
Risk culture survey
PFS has designed and run risk culture surveys of all staff of an organisation. Questions were asked of all levels of the organisation from Board to frontline staff and from the analysis of the responses an assessment was made of the risk culture of the organisation. We repeated this over a number of years and provided detailed recommendations for improvement each year. By repeating the survey regularly, we were able to provide increasingly targeted recommendations and the organisation saw improvements in its risk culture over time.
We recently developed a range of governance policies for a new market entrant to meet APRA requirements. This included a Board Charter, Board Committee terms of reference, Governance Policy, Fit and Proper Policy and a Remuneration (including FAR) Policy. Our familiarity with the APRA requirements as they have changed over time, and the development of policy frameworks for a range of entities, ensured that the business would commence with a solid policy base.
Contact us for more detailed information about our capabilities
Core Strengths
We provide tailored governance, risk & compliance services appropriate to the size, scale, and complexity of your business.
Our focus is on helping you ensure that you have the right governance frameworks, policies, and processes in place to meet your strategic goals and deliver on your promises to your customers and members.
Our clients include financial institutions, health and human services, and not-for-profits.
- Governance reviews and advice including CPS510 & SPS510 independent reviews
- Developing and reviewing Board Charters and Committee Charters
- Fitness and Propriety assessments
- Development and reviewing skills matrices
- Charter fulfilment reviews
- Facilitating strategy workshops
Core Strengths
We provide tailored governance, risk & compliance services appropriate to the size, scale, and complexity of your business.
Our focus is on helping you ensure that you have the right governance frameworks, policies, and processes in place to meet your strategic goals and deliver on your promises to your customers and members.
Our clients include financial institutions, health and human services, and not-for-profits.
- Governance reviews and advice including CPS510 & SPS510 independent reviews
- Developing and reviewing Board Charters and Committee Charters
- Fitness and Propriety assessments
- Development and reviewing skills matrices
- Charter fulfilment reviews
- Facilitating strategy workshops
Recent Articles
Establishing a bank in Australia – The changes that prospective licence applicants need to know
The PFS team has been involved in numerous APRA and ASIC licencing projects including Banks (ADIs), Restricted ADIs (RADIs) and Insurers. PFS has firsthand experience of the challenges, APRA’s expectations and requirements, and how to manage what can be a complex and lengthy process.
Senior Consultant – Risk Advisory FT/PT
Due to growth in our practice, PFS Consulting is seeking a Senior Consultant for a Client-facing role in our Risk Advisory practice.
Recent Articles
We have worked with
