Governance compliance is very important for a number of reasons:
-Non-compliance can trigger fines
-Non-compliance can trigger loss of listings
-Non-compliance can cause loss of confidence with investors
-Non-compliance can cause incur fines to board members
Regulators and Investors deal with Governance Compliance and violations differently in the different jurisdictions, but one can rest assured that the consequences of missing a filing date or a share disbursement date can cripple a business. Hence the importance of making sure all milestone dates are tracked and adhered to.
Not only Reminders
This is a solution that sends friendly reminders to the person responsible to complete mission critical tasks. If they are ignored or simply not completed within a programmed time frame. Escalation occurs … A message is sent to the first persons’ report to. If that person does not complete the task, that persons’ report to is sent a message and so on till ownership or the C-Suite is contacted.