Innovationoninnovation

Go back to the old chestnut of "people, process, and technology" to address business issues and it works in the GRC as well. 

The important characteristics of digitalization are over-complexity, uncertainty, and ambiguity. Hence, GRC (governance, risk management, and compliance) becomes more critical than ever. Here's the context; how should GRC programs be approached? Should technology be a driver? Can you achieve any level of GRC without automation? Can you achieve any level of GRC without people? What is the real driver of GRC?

   

   Interwoven GRC 

InterwovenGRC&Capability Processes underpin capabilities and governance enforces capabilities. The capability is the ability to achieve the desired effect under specified performance, standards, and conditions. There are multiple perspectives of organizational capabilities, and there are all sorts of capabilities. High mature capability can only be developed and sustained via strong governance discipline. There are a multitude of distinctions between corporate governance...

Innovation-on-innovation Digital board directors not only need to be forward-thinking, but they also have to be further looking, think longer term, guide the executive team in the right direction. A corporate board of directors' duty to shareholders encompasses the need to effectively manage stakeholder issues and values so they do not become a risk to shareholder values. And shareholder values do not begin and end with financial profit. Smart corporations and shareholders...

UnderstandGovernanceComplexityParadoxThe purpose of the GRC is to improve business performance through the creation of value to stakeholders, and the maturity of the GRC approach will make a significant impact on business growth and transformation.Governance is by definition a framework of principles, practices and indeed ethics; separate, different and outside the setting and subsequent control of business strategies, budgets, outcomes and metrics. It’s about how well an organization...

GRCIntelligence&Maturity With the critical output from GRC intelligence, businesses are resilient to known risks which are predicted, and deal with them effectively. With overwhelming growth of information and continuous disruptions, the organizational GRC discipline has changed its shape and matured. There is no doubt it will continue to do so as the winds of change in the corporate world blow across the business community. At a higher level, GRC intelligence...

GRCMethodology&Technology Go back to the old chestnut of "people, process, and technology" to address business issues and it works in the GRC as well. Digital technologies bring significant opportunities and risks in today’s businesses. Hence, GRC (governance, risk management, and compliance) plays a more important role in running an effective organization. GRC methodology vs. technology, how to balance them right in improving organizational agility and maturity?

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Posted in: GRC,Sum UP