Board Advisory
Boards of directors face a multitude of challenges, including the ever-present threat of white-collar crime. Loxton Forensics recognizes the critical role boards play in safeguarding an organisation’s integrity. Our Board Advisory service offers experienced guidance and support, empowering boards to confidently navigate the complexities of white-collar crime prevention and detection.
What is Board Advisory?
Loxton Forensics’ Board Advisory service is a collaborative partnership designed to equip boards with the knowledge and tools needed to fulfill their oversight responsibilities effectively. We act as a trusted resource, providing expert insights on white-collar crime risks, best practices for prevention, and strategies for addressing potential issues.
What does Board Advisory cover?
- Risk assessment and mitigation – We conduct a comprehensive risk assessment to identify potential vulnerabilities that could lead to white-collar crime. Based on this assessment, we develop a customised risk mitigation strategy, including recommendations for strengthening internal controls and creating a culture of ethical conduct.
- Compliance guidance – Our team stays abreast of evolving regulatory landscapes and industry best practices. We provide clear and concise guidance on relevant anti-bribery and anti-corruption legislation, ensuring your board is well-equipped to lead your organisation towards compliance.
- Red flag identification – We train boards to identify red flags that might indicate potential white-collar crime, such as unusual financial activity, employee conduct inconsistencies, or concerns raised through whistleblowing channels.
- Crisis management support – In the unfortunate event of a white-collar crime incident, Loxton Forensics offers crisis management support. We guide boards through effective communication strategies, investigative procedures, and risk mitigation measures to minimise reputational damage and protect stakeholders’ interests.
- Ongoing communication and support – We maintain open communication channels with boards, providing ongoing support and updates on emerging white-collar crime trends and preventative measures. This ensures your board remains informed and equipped to make informed decisions.
What are the benefits of Board Advisory?
- Enhanced Board Effectiveness – Our service empowers boards with the knowledge and tools needed to fulfill their oversight responsibilities with greater confidence. This leads to improved decision-making and a more proactive approach to white-collar crime prevention.
- Reduced Risk of White-Collar Crime – By identifying potential vulnerabilities and implementing effective risk mitigation strategies, Loxton Forensics helps boards minimize the likelihood of white-collar crime occurring.
- Stronger Corporate Governance – Our Board Advisory service promotes strong corporate governance practices. This helps build trust with investors, stakeholders, and the public, enhancing your organisation’s reputation and entrenching long-term sustainability.