Like BEAR, FAR is more than a compliance exercise. It involves a detailed examination of accountability practices, organisation structures, internal governance and reporting, remuneration design, and breach investigation and notification arrangements.
Without proper preparation and stakeholder management, FAR implementation can be very disruptive to day-to-day operations, strategic initiatives, and senior management.
We can support you to:
- map the “accountable persons” and “significant related entities” that will be caught by FAR
- develop guidance and design information processes and systems to give your accountable persons and the board confidence to discharge their obligations under FAR
- tailor variable remuneration design to meet the requirements of FAR
- provide accountable persons and the board with comfort that legal aspects of a FAR program have been developed with precision and have been stress tested, and
- train accountable persons on what they need to do to comply with their accountability obligations and deliver scenario / case study sessions for your accountable persons.
Keep track of FAR key dates
As legislation, regulations, and guidelines continue to change, it is critical to keep up with key dates: whether it is a reporting deadline, a chance to submit views on a change, or the date an update is intended to come into effect - you won't miss a milestone with our Corporate Governance Regulatory Tracker.
