Jersey JFSC regulated firms," Are you assessing your governance arrangements and effectiveness"?
Comsure, with its REGTECH partner CoSteer, has a technology-based, scientifically designed solution to meet your and the JFSC requirements for Jersey firms to assess "Governance Arrangements', Adequacy and Effectiveness." [to view click here https://www.comsuregroup.com/media/1868/costeer-steering-your-board-towards-better-performance-comsure.pdf ]
By way of an example of a JFSC Code of Practice for Trust Company Business [3.1.4] states:-
All aspects of corporate governance arrangements must be subject to appropriately regular review to ensure their continuing adequacy in light of the registered
person's business activities and risk profiles and include a periodic self-assessment, or external assessment, of the board's effectiveness.
So, it is time to throw the excel spreadsheets away.
Using proprietary technology and assessment methodology, we measure three foundational and interconnected elements of Board effectiveness:
- Board culture
- Decision-making, and
- Oversight of Decision implementation
To measure the three elements of Board effectiveness, we use a scientifically designed 36-statement survey instrument, which uses behavioural science, psychology and other aspects of human bias mitigation to improve validity and accuracy.
The methodology is modelled on the interconnected nature of governance using evidence-based practice, interdisciplinary research methods, and governance expertise.
For more information, please read the CoSteer Key feature document
Do you want to know more? If so, message Mathew Beale @
- Direct Tel: +44 (0) 1534 626841
- Mobile Tel: +44 (0) 7797 747 490
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