Bridgehouse GAPP Wheel: Regulatory Compliance
This segment reviews how well your organisation understands, manages and oversees its legal and regulatory obligations at board level that are relevant to your business or sector. It ensures that your business is operating within the legal frameworks established to protect public interests, maintain fair practices, and uphold standards.
What you’ll get:
A clear and independent assessment of how well your organisation understands, tracks and meets its legal and regulatory obligations.
This includes reviewing your compliance with sector-specific rules, overarching laws (such as data protection and health and safety) and the commitments set out in your own governing document.
You’ll receive insight into how effectively regulatory compliance is integrated into governance processes and how risks are monitored and reported at board level. This assessment identifies strengths, flags potential gaps and provides pragmatic recommendations for improvement – ensuring your board can evidence due diligence and oversight.
Best for:
Best for business that:
- Operate in a highly regulated industry
- Boards and executive teams who want assurance that regulatory responsibilities are being met
- Regulated entities preparing for inspection, audit or annual reporting
- Organisations facing increased scrutiny from funders, regulators or stakeholders
- Boards unfamiliar with their legal responsibilities or where compliance is inconsistently tracked
We’ll assess:
- We will assess your compliance framework to ensure it provides assurance to the Board that they have adequate oversight.
- Policies and Procedures: We will review those policies that support regulatory compliance within your business and sector.
- We will review which regulatory standards you must comply with and ensure there is a robust framework to monitor changes and ensure that there is a reporting mechanism in place to advise the Board of changes and required actions.
- We will assess your monitoring and auditing programme to ensure there is continuous monitoring and periodic audits in place to ensure that compliance measures are effective and identify areas for improvement.
- We will assess your framework for documenting your compliance activities and responding to regulatory requests. Some sectors deal with multiple regulators who ask the same question; it is critical that conflicting responses are not provided.
- We will assess your mandatory training and awareness programme to provide assurance to the Board that the right staff are being trained and aware of their responsibilities around regulatory compliance. This will include the Board itself.
What we need from you
- A copy of your constitutional documentation
- A list of your regulators
- Recent communications to and from your regulators, especially in relation to non-compliance or requests for information
- Relevant frameworks, policies and procedures
- Training records
- Board and committee reports in relation to regulatory compliance, including incident reporting, plus associated minutes
- Your risk register
Outcome
Boards that complete this segment will gain a concise, actionable view of their current regulatory standing, understand where further assurance may be needed, and be better equipped to demonstrate accountability to both regulators and stakeholders.
Contact us for more information
We would be pleased to answer any queries or have an informal chat to discuss your possible governance needs.
