GALAN GROUP
Achieving principled performance
Integrating governance, risk, compliance, and ethics
Governance, risk, compliance, and ethics (GRC) have now become essential items on the agenda of management in the private, public, and semi-public sectors. However, many organizations are still struggling to implement GRC effectively. The Galan Group has been advising and assisting clients with GRC for more than fifteen years. Our advice is professional and, most importantly, pragmatic.
GRC is a concept that encompasses multiple areas of expertise. It aims to achieve goals in an effective and efficient manner, particularly in environments with many risks and insecurities. The focus on GRC is growing due to current economic circumstances, calling for reflection and pragmatism. Our advisors can assist you with this.
We help you implement governance, risk management, and compliance processes thoroughly and practically. For these processes to be successful, they must align with the organization’s objectives and the expectations of the Supervisory Board and Management. Our advisors ensure that your organization complies with legal requirements, internal guidelines, and values.
How can we help you?
Board advice
Over the years, we have gained significant expertise in board governance, including composition, operation, and enhancement of board practices. For instance, we can assist with:
Board composition
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Defining the optimal legal structure and preparing the necessary documentation
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Establishing, modifying, and enhancing governance and oversight frameworks
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Implementing management strategies
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Creating collective and individual profiles for directors and supervisors
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Conducting Board Performance Reviews
Board operation
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Remuneration advisory
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Development and implementation of board improvement plans
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Board and organizational reviews
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Creation of governance manuals
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Review and revision of legal frameworks
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Assessing and scanning corporate governance readiness and maturity
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Implementation of management systems based on corporate governance codes, guidelines such as ISO, OECD, and regulations from central banks
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Cultivation of teamwork and supervision
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Ensuring accountability in annual reports and corporate responsibility
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Development of governance watchlists and information plans
Board improvement
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Boardroom scans
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Self-evaluation and repositioning
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‘Maturity’ scans and audits regarding codes, guidelines, laws and regulations
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Integrity in governance processes
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Governance documentation scans
Board education
It is crucial for good corporate governance to provide training and development for both new and existing board members in the essentials of governance and the requirements of directorship. We offer tailor-made coaching for Supervisory Boards or individual members, which can be conducted in-house. The focus is on practical tools, such as translating theoretical codes into good governance practices in your organization’s daily operations. This coaching can be delivered during lunches, workshops, in-house training, and board development programs.
Risk management
We assist clients in identifying, comprehending, and controlling risk, and we help ensure a suitable balance between risks and opportunities. Our offerings include:
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Developing risk structures
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Developing, implementing, and measuring risk frameworks, whether or not they are integrated into performance management
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Developing and implementing risk management systems based on the ISO 31000 standard for risk management
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Raising awareness of risk
Compliance
We help businesses create and execute compliance programs to make sure the organization stays within the limits of applicable laws and regulations. This involves fostering a culture of “say what you do and do what you say.” Some examples of our services include:
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Advising on and resolving compliance issues
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Developing and implementing compliance projects within your organization
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Managing regulatory changes
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Designing and implementing compliance systems based on the ISO 19600 standard for compliance management
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Providing compliance advisory support to the internal compliance officer and board
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Creating and maintaining procedures and forms related to compliance
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Designing and implementing improvement plans to address negative quality assessment scores from external supervisory bodies
Contact us
The Galan Group Caribbean
Robbert Kroon Tel. +5999 5217953
Ivanka Maduro Tel. +5999 5263755
Abraham de Veerstraat 9
Willemstad, Curaçao, Dutch Caribbean