The Office of the Registrar of Companies (ORC) has indicated that Deloitte and other professional institutions are key partners in promoting compliance, best practices and encouraging responsible corporate behaviour.

Speaking at the recent Deloitte ORC Webinar on the theme “Ensuring Compliance Act: Insights from the Registrar of Companies”, Acting Registrar, Maame Samma Peprah, said, compliance assures partners, customers and regulators that businesses operate with integrity to the foundation of trust.

According to her, compliance is not the sole responsibility of the ORC, but a shared responsibility across businesses, regulatory bodies and other public entities. “The ORC is committed to work with you Deloitte], not just to enforce but to educate, guide and support. At the ORC, we aim to foster not just a compliance requirement but a culture of compliance where good record keeping, ethical management and timely reporting become second data to businesses”.

“We see Deloitte and similar professional institutions not just as observers but strategic partners in promoting best practices, sharing knowledge and encouraging responsible corporate behaviour”.

She continued that the role at the ORC goes far beyond issuing certificates, adding, “We are enablers of the business environment where good governance thrives and companies operate transparently”.

“We aim to support businesses of all sizes to understand and meet their obligations in a straight forward accessible way. To this end, we have embraced a more dynamic approach in recent years by streamlining filing procedures and engaging directly with the business community through educational campaigns and stakeholder forum”, she stressed.

The Country Managing Partner of Deloitte, Daniel Kwadwo Owusu, for his part said the Companies Act seeks to enhance the corporate regulatory environment by streamlining registration processes, improving corporate governance and embracing digitalization in an ever-changing global landscape that requires both agility and bold steps to attract and retain investments.

He mentioned that Deloitte’s objective for putting together the webinar was to deepen the discourse on regulatory obligations and compliance with the Office of Registrar of Companies, focusing on the Companies Act and its implications for businesses.