Responsibility records
Compare documented responsibilities with the owners named in relevant processes and action logs. Identify inconsistencies for management to resolve.
FCA REGULATORY CHALLENGES
Governance and accountability
Clarify responsibility for decisions, unresolved issues and management actions.
THE BUSINESS ISSUE
An action can remain open even when responsibility appears to be assigned
Responsibility documents, committee minutes and action logs may tell different stories. Changes in personnel or an issue spanning several functions can leave senior management uncertain about who is delivering the response and which decisions remain outstanding.
How CoSure can help
CoSure reviews how responsibilities, decisions and follow-up are recorded. We help identify gaps in ownership or escalation and improve the information used by management to oversee the work.
What the engagement can deliver
You receive a review of the arrangements in scope, identified gaps in responsibility or decision records, and recommendations for action tracking and management reporting.
Discuss your requirementsManage this work in Lexa AITHE WORK WE REVIEW
Responsibilities, decisions and escalation
Decisions and actions
Review how committee decisions become assigned work, how changes are recorded and what is required before an action is closed.
Escalation and reporting
Examine how overdue or unresolved matters reach the appropriate decision-maker and whether reports distinguish progress from outstanding decisions.
The proposal confirms the activities, records and teams covered, together with any specialist input required. Your firm reviews the findings and approves the response.
OTHER AREAS