ComplianceOnline

External Corporate Governance Controls


Service Level Agreements (SLAs) - Preparation Guidelines for Effective SLAs


External stakeholders play an important role in ensuring proper corporate governance processes in a business organization. Some of the key external corporate governance controls include:

  • Government regulations
  • Media exposure
  • Market competition
  • Takeover activities
  • Public release and assessment of financial statements

Government regulations


Government regulations are the most effective external controls on the governance of a company. Companies are required to comply with these or face penalties for violations.

Most corporate governance regulatory requirements are based on the OECD Principles of Corporate Governance.

For more information on corporate governance around the world, click here, and to get a better understanding of the OECD Principles, read more>>

Media exposure


Media scrutiny of the workings and processes of a company ensures, to a certain degree, the proper governance in an organization. Whistleblowers often expose wrongdoing within a company to the government and media organizations.

To get a better understanding of whistleblower laws and the role they play in corporate governance, read more>>

Market competition


Companies with the best corporate governance practices have the best standing in the market. Reputation, credibility and positive public perception all play a vital role in boosting a company’s image and thus help it trump its competition and best its peers.

Takeover activities


Takeover activities lay a company’s internal processes and workings open to public scrutiny. Both government regulators and the media will focus on the internal policies and governance structures, thus acting as an effective external control.

Public release and assessment of financial statements


The public release of financial statements by listed companies exposes them open to assessment or scrutiny by regulators, investors, members of the public and so on. This acts as an external control as companies have to be scrupulous and careful about the details included in these statements and in ensuring that they are properly prepared and audited.

ComplianceOnline Training on Corporate Governance


Internal Control and Sarbanes-Oxley Section 404
The webinar provides an in-depth look at Section 404 and the COSO Guidance used by most organizations for compliance.

Converging Ethics, Governance, and Culture
This webinar will explore the importance for converging corporate ethics, governance, and culture as an essential safeguard to assure organizational performance is legal, ethical, and sustainable.

Foreign Corrupt Practices Act (FCPA) Webinar
In this Foreign Corrupt Practices Act (FCPA) webinar training understand the prohibited and exempted actions as per FCAP act, how to find the non compliance issues and how to implement FCPA compliance policies and procedures in your organization.

Preparing for the UK Bribery Act
This training on UK Bribery Act will help you understand its requirements and how it will impact your organization. Learn how to identify areas of risk, proactively mitigate them to avoid significant fines and loss of reputation.

The UN Convention Against Corruption and other international anti-corruption efforts
This webinar will discuss various international efforts to fight corruption and potential pitfalls that US businesses must be aware of when conducting overseas business.

Foreign Corrupt Practices Act - How Your Institution Can Comply
This webinar will discuss the FCPA and potential pitfalls that US businesses must be aware of when conducting overseas business.

Constructing an Effective “Whistleblower” System
This webinar will explore how you can enhance effectiveness of current Whistleblower systems in light of the new Dodd-Frank Act and the preceding Sarbanes-Oxley Act.

The SEC’s New Whistleblower Rules: Implications for your Company’s Compliance and Fraud Program
This webinar on SEC's revised Whistleblower Rules will outline key changes and focus on the effects these new rules will have on your organization's internal compliance and fraud investigations.

Internal Control and Sarbanes-Oxley Section 404
The webinar provides an in-depth look at Section 404 and the COSO Guidance used by most organizations for compliance.

The Fundamentals of (Corporate) Fraud
This webinar explores corporate fraud, fraud risk, and some of the common schemes, scams, and shams that threaten an organization's reputation and performance.

The Fundamentals of Internal Auditing
This webinar on Fundamentals of Internal Auditing training will discuss the differences between external and internal auditing and provide guidance on how to design and operate an effective internal auditing activity.

Governance, Risk & Compliance: Developing a holistic approach to governance
This presentation will review the current state of maturity models and prepare you with a roadmap for successfully enhancing your current process or building a strategic plan for GRC excellence.

Ethics in Your Organization
This webinar will examine trends and requirements for good corporate governance and social responsibility.

Auditing your Compliance and Ethics program
This Webinar will show you how to audit your compliance and ethics program by evaluating the design and operating effectiveness.