Jersey JFSC regulated firms," Are you assessing your governance arrangements and effectiveness"?
20/01/2023
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.
https://www.jerseyfsc.org/media/5883/cop-trust-company-business-code-of-practice.pdf
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 @
- mathewbeale@comsuregroup.com
- Direct Tel: +44 (0) 1534 626841
- Mobile Tel: +44 (0) 7797 747 490
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.