Corporate governance is about efficient leadership that enables companies to compete effectively in the global economy, thereby creating jobs.

Since investors require confidence and assurance that management of a company will behave honestly and with integrity, leadership must be seen to be upright and honest.

As companies are increasingly called upon to address legitimate social concerns relating to their activities, leadership must be responsible, transparent and accountable, because otherwise business leaders cannot be trusted, which will lead to the decline of companies and the ultimate demise of a country's economy.

To meet these requirements, risk management makes a considerable contribution. Reporting systems are an essential part of the risk management process. Often failure of a company is due to the failure of its systems.

Systems fail for various reasons, such as:

1. Too complicated.
2. Based on a wrong point of view.
3. Lack of clarity of the end result.
4. Lack of adequate understanding of the subject of the system.

Critical success factors will involve:

1. Changing the culture.
2. Validating the integrity of incoming data.
3. Highly flexible, user friendly output facilities.
4. Teamwork.

With an effective information system the achievement will be a completely integrated system that:

1. Identifies the risk, and
2. Precisely manages it.

The result will be:

1. Increased profits
2. Reduced losses
3. Protection of assets
4. Protection of shareholders investments

TRIDENT CONSULTANTS

Trident Consultants is in a position to assist in achieving these results by working with clients to improve risk management systems and providing the necessary tools for business leaders.