Sector: Subsea Engineering
Assignment: Restructuring of Small to Medium sized Enterprise (SME) following the discovery of financial irregularities
Period: 2016
Background:
During a routine monthly accounting check, financial irregularities were uncovered, which, once addressed, required the restructuring of the Divisional organisation to refocus the business on its core activities and growth.
Assignment:
- To implement the organisation’s ethics and governance policy following the discovery of the financial irregularity
- To manage the relationship between the ‘whistle blowing’ staff at Divisional level and the Board of the International parent
- To manage the change of internal management following the dismissal of the errant Country manager
- To establish clear and transparent new reporting and communication lines between the Divisional SME and it’s International headquarters
- To refocus the remaining Divisional team on delivering outcomes in their new roles, on core KPI’s, on product sales and technical support, leading to enhanced turnover and profitability
Methodologies:
- Review and subsequent challenge to the International Headquarters reporting, monitoring and assessment models within the ethics and governance policy guidelines through one-to-one meetings and workshops
- Review and subsequent challenge to the International Headquarters reporting, monitoring and assessment models within the accounting policy guidelines
- Establishing, through external third party experts, the correct legal procedures to follow and implement, including protection of the ‘whistle blowers’
- Coaching and mentoring of Divisional and International Headquarters Board level staff in appropriate language and corporate positioning in handling the issue of criminal behaviour
- To manage potential reputation damage internally and externally
