The U.S. Sarbanes-Oxley Act of 2002, the Code Provision C.2.1 of the Revised Code on Corporate Governance of the Stock Exchange of Hong Kong, the Japanese Financial Instruments and Exchange Law on internal controls, and, recently, the Pronouncement on Enhancement of the Quality of Listed Companies endorsed by the State Council of China are complex pieces of legislations and regulations. If you are proceeding with some uncertainty and trepidation, you are not alone. We have spent a great deal of time helping clients sort out the requirements and prioritise the mandates of these legislations and regulations.
The effectiveness of your internal control infrastructure and the communications within your organisation regarding the internal control process are key to creating the appropriate link between the control activities of the organisation and the governance activities of the board and senior management. We have developed a proven stepped approach and specialised tools to build a strong internal control framework that complies with the respective regulatory requirements. This approach is flexible enough to be customised yet sufficiently structured to address the most critical requirements of your compliance strategy.