Business insights from around the world. Available in 25 languages
KPMG Capital focuses on investments and opportunities in the Data & Analytics space.
KPMG's Global IFRS Institute provides information and resources to help Board and Audit Committee Members, Executives, Management, Stakeholders and Government Representatives gain insight on the evolving global financial reporting framework.
KPMG goes beyond the data, taking you from insight to opportunity.
Mining organizations need to adapt across the mining asset lifecycle, from expansion to closure, as changing economic, political and regulatory environment demand greater flexibility.
The Chemical industry’s landscape is changing fast - global companies are developing or launching new products and services – and appear optimistic - setting sights on geographic expansion.
A series that explores how governments must respond to the global megatrends driving change into 2030.
The Change Readiness Index assesses the ability of 90 countries (developed and developing) to manage change and cultivate the resulting opportunity.
The global job search tool allows you to search available career opportunities within many of our 150 member firms worldwide.
KPMG's International Case Competition (KICC) is a chance for students to challenge yourself to solve a real business issue and an opportunity to meet new people across the globe.
When I look at what Board Grip represents, it’s really enabling boards to control and lead their organizations effectively. And when you look at the market today, we’ve got an aging population; we’ve got increasing costs associated with health care, more demands for capital, a more regulatory environment, litigious environment. There’s an awful lot of issues and problems associated with the industry, and KPMG’s well positioned to help organizations navigate what’s these very challenging times.
When you take a look at a board, it’s important that they have the right skills, capabilities, as well as understanding of what’s happening in the organization. And to do that, they need to make certain that they’ve done a thorough review of the organization. Couple of examples of how KPMG can help: one – sitting down with boards of directors to make certain that they have the right skill sets, they have a charter for what their responsibilities are, and they understand what it is they’re doing to set strategy for the organization.
One of the other things that we can do that’s been very beneficial deals with enterprise risk management. This is key to make certain that you’re navigating some very challenging times. So essentially, taking a look at the organization, doing an inventory of the potential risks out there, determining how well the organisation is addressing those risks, making certain that they have a process in place to evaluate; how are they doing on a daily or weekly or monthly basis, in coping with those risks? And then having a process in place to make certain that gets refreshed periodically, and the organization’s staying on the right track with their current strategy.
The definition, as I look at Board Grip, is enabling boards to control and lead their organizations effectively. “There’s a number of steps that boards are going to have to cope with, and there’s really no easy answers to that.”
So the real question is, how can KPMG help?
We recently, on a academic medical centre which had been in business for over a hundred years, found that they didn’t have enough structure around their board. So we went in and helped them inventory the skill sets of the board members, understand better what their charter was, how they were going to specifically address what they wanted their strategy to be, and get that summarized in a fashion that they could use it on a re-occurring basis. They found that to be very helpful, and streamlined their board process.
We had another situation where we had an organization that had about fifty five locations; it was a large health system. And they were having some difficulty trying to make certain, in one concise place, they had a process for managing the risks. So we did an enterprise risk management program that helped inventory all the potential risks, put together game plans for key risks on how they were going to address those. Once they had that in process, we then put together a refreshing process in place, so that periodically they themselves could go into their own organizations, it which was a multi state organization, and identify how they were doing along those risks, see if any new ones had been identified that they had to address, and had a re-occurring basis now for how they could refresh their enterprise risk management process, and make certain that they were addressing those on a timely basis.
For more information on healthcare thought leadership please email firstname.lastname@example.org.
KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.