The flavor of GRC practices depends on the nature of the business and the level of the organizational maturity.

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?

Modern corporate boards play significant roles in guiding businesses in the right direction and achieve expected business results. Due to the “VUCA” characteristics -Complexity, Uncertainty, Ambiguity, and Velocity of the Digital Era, the directorship in any organization must have the agility to adapt to changes and build abilities to advise, inspire and motivate a group of people toward accomplishing shared visions and goals. Here are the multiple perspectives of shaping a strategic boardroom with digital acumen.

Integral Governance

Innergovernanceconnectivity Governance is an internal control to ensure business effectiveness, monitor strategy execution paths to achieve expected performance. When governance is seen as a constraint only, it perhaps stifles transformative changes or innovation.

Governance Integration As business leaders today, you can’t predict every turn or curve that the organization will face. There is a myriad of information, conflicts, and change inertia in the modern business environment today. Governance is by definition a framework of principle, structure, process, mechanism, practice, and metric, etc.

Integralreputationriskpractices Due to the overwhelming growth of information and the updated technology in the internet age, reputation management, brand protection, and risk governance become increasingly intertwined and crucial. Every staff has responsibility for their own reputation and corporate reputation; but sometimes reputation goes beyond our control. Reputation is part of risk management. It’s important to shift mentality from “risk-avoidance” to “risk management” and risk intelligence, and take an integral approach to manage risk smoothly.

Initiateresourceintegrity Although we live in a society with unprecedented advancement with abundant knowledge and technology enabled convenience, each one of us has limited time and resources. In the organizational level, besides hard resources such as physical assets, capital funds, there are invaluable soft corporate resources such as people, intellectual property and reputation that need to be managed effectively to ensure that resources are available before they are needed to improve the overall organizational management discipline and maturity.

Integration of Risk Management Strategic risk is associated with specific long term goals or objectives of the company, the possibility of risk being cascaded to all entities in a given industry, function, or partnership. It has a broader perspective, involving many known unknowns and unknown unknowns because it is about the future.

The “Future of CIO” Blog has reached 7 million page views with 8800+ blog postings in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way for human progression.



The "Digital Boardroom: 100 Q&As" Slideshare Presentation


The "Digital Boardroom: 100 Q&As" Amazon Order Link


The "Digital Boardroom: 100 Q&As" B& N Order Link


The "Digital Boardroom: 100 Q&As" IBook Order Link


The "Digital Boardroom: 100 Q&As" Lulu Order Link


The "Digital Boardroom: 100 Q&As" Introduction


The "Digital Boardroom: 100 Q&As" Chapter 1 Introduction: The Digital Board's Composition Inquiries


The "Digital Boardroom: 100 Q&As" Chapter II Introduction: The Digital Board's Digital Inquiries


The "Digital Boardroom: 100 Q&As": Chapter III Introduction: The Digital Board's Strategy Inquiries


The "Digital Boardroom: 100 Q&As" Chapter IV Introduction: The Digital Board's IT Inquiries


The "Digital Boardroom: 100 Q&As" Chapter V Introduction: The Digital Board's Leadership Inquiries

Posted in: GRC,Sum UP