Control framework design

Control framework design

As a proxy, you must have a risk analysis regarding the outsourcing of your proxy activities. You should then ensure that you adequately manage these risks before proxy solicitation.

Proxy Audits can assist you in setting up the internal control framework of your outstanding proxies. Consider drafting your proxy policy, setting up the risk analysis, controlling the risks through procedures and measures, and training your employees.

For example, one of the components of this risk management is the Risk Management Proxy (RBV) work program. As a proxy, you must assess the quality of service of your proxies against the RBV. Volmachtaudits can support you like no other in reviewing your own reports. We do this by working with you to set up standards frameworks and train your operational risk managers or auditors on these standards.

More information? Contact us. We are happy to provide further clarification.