Our Expertise
Guiding the Way to Solutions.
Corporate Governance
Shareholder value is generated not only by focusing on achieving profitability, but through a commitment to safe, sound, and ethical governance that is aimed at deterring wrongdoing and promoting a culture of compliance and accountability. Promontory helps its clients construct sound and effective sets of rules and procedures for managing their corporate activities by recommending improvements to existing governance structures. Our team draws upon a wealth of experience as senior government officials, as board members, and as corporate executives. We leverage our expertise in corporate governance analysis to tailor our recommendations and implementation plans to our clients’ needs. But our goal is always the same: to ensure that our clients’ governance structures are best in class.
Representative Engagements
When a large, internationally active financial services company needed help resolving problems in Bank Secrecy Act, “Know Your Customer” and anti-money-laundering compliance, it called on Promontory. We conducted a review of the governance systems, and helped the company manage difficult relations with its regulators while maintaining a dynamic business. Our work was well-received by the regulators, ensuring that upon completion of our review, the company could smoothly return to the business of banking.
A large financial institution faced the challenge of streamlining more than 700 existing enterprise-wide policies into a single coherent framework and governance system. Promontory rose to the challenge by creating an enterprise-wide policy architecture for the company. Our work entailed developing a taxonomy of policies and a template for enterprise-wide policy, cultivating executive-level support for change and piloting the proposed policy architecture in a number of specific policy areas and business lines.
When the corporate governance division of a large Asian financial institution needed to enhance the governance structures for its US operations, Promontory had the answers. We helped the organization come up with a three-part enhancement plan to upgrade its governance structures, including (1) establishing an enhanced committee structure; (2) bolstering risk reporting to encompass all of its US affiliates; and (3) improving the logistical infrastructure within the organization.