How Integrated Management Systems Impact Corporate Governance
There is no doubt that a company’s integrated management framework is the springboard to enable effective planning and implementation of business objectives and best practices across the organisation. The key? Engaging all stakeholders involved in the process.
Governance and Leadership
Governance forms the basis of organisational planning, change and growth management. Governance is a management process that ultimately enables effective decision-making to ensure the organisation achieves its goals.
Efficient governance has become a mandatory pillar of strength in today’s enterprise markets. Companies need to oversee the big picture and manage high-level processes and procedures to stay on track and align their activities with their organisational objectives.
Integrated management systems are essential to unify business components and departments towards a shared goal and improved governance principles.
These systems can offer many benefits beyond the daily running of a business. For example, routine management reviews, reporting and auditing, and legal compliance support better governance in the long-term.
Leadership development is another advantage of integrated management systems by involving and engaging all management levels into the important decisions that could potentially affect the future of the enterprise.
Our SHEQX (Safety, Health, Environment and Quality) management solution, part of the XGRC product range, is an integrated management system that aggregates SHEQ data in a single, auditable database, to manage analysis and reporting effectively.
Business stakeholders represent the people who may be affected by the decisions the company makes or can influence the implementation of its decisions to achieve the desired objectives.
Stakeholder engagement is essential to good company governance. Aside from its leadership, the company interacts with a host of suppliers, shareholders, customers, contractors, unions, not to mention the community in which it activates or the legislative framework established by the country’s government.
These stakeholders need to all be all involved and engaged at different levels. An integrated business framework can assist with managing these interactions and monitor all related documents, actions and non-conformances as a result of this process.
The XGRC Software range of integrated system solutions is designed to meet all the requirements of your organisation’s Governance, Risk Management and Compliance (GRC) strategy, from planning to monitoring and reporting.