National MarketingSometimes, Transwestern faces issues that require unique risk management, legal and compliance expertise to navigate effectively. That’s where our governance team steps in, working together to create a framework that addresses exposure while protecting our company, team members and clients. Here’s what we learned from our experts.
Q: Can you explain in more detail the skills of the governance team?
A: While each group maintains their individual expertise, we often work together to create the necessary framework to address potential exposures. Risk Management handles the acquisition and purchasing of insurance, insurance-related claims and risk-related contract language. Legal reviews and prepares risk-related contract language and provides advice concerning company litigation matters. Compliance identifies potential weaknesses in company operations, then formulates or revises policies and plans to secure Transwestern’s business operations.
Q: How does this team add value to the platform?
A: Through policy, training and support. This includes monitoring the legal landscape and addressing operational challenges to provide a clear guide for Transwestern’s business operations. We’ve found that training helps increase awareness of potential risk exposure and provides educational opportunities to learn more about company policy and best practices. Finally, we work individually and as a team to address simple and complex issues to ensure Transwestern’s interests are protected.
Q: If I need help in one of these areas, how do I engage the team?
A: We’ve created a fact sheet for our team members to keep handy, and this includes specific contacts for our various areas of focus. Download it here. Also, it’s important to keep your manager apprised when working through an issue that involves out-of-the-ordinary circumstances requiring the support of the governance team.
