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

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. The important characteristics of digitalization are over-complexity, uncertainty, and ambiguity.

Hence, RI (risk intelligence) 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. Here are the multiple perspectives of shaping a strategic boardroom with digital acumen.

      Inner Risks

Innerrisks In dealing with “VUCA” reality, risk management is very useful for achieving business results. Generally speaking, risk management is important but should be handled in a way that doesn't negatively impact business flexibility. The efforts on managing risk holistically or in a more integrated fashion are critical for the long run business viability.

InitiativesofRI Organizations face risks every day; the more diverse, the more regulated, the more geographically dispersed an organization becomes, the more important an integrated risk management approach becomes. They should standardize or customize their methodology and approach to manage various business risks accordingly, have solid risk management disciplines, and make objective assessments of its effectiveness and efficiency.

Innovaterisk Organizations across industries are faced with the “VUCA” reality, there is a myriad of information, conflicting, disrupting, uncertainties, inherent variability, and the unknown interdependencies among sources of risks. Risk Management becomes one of the strongest pillars of business beyond people, process, and technology.

Initiativesofri 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. The important characteristics of digitalization are over-complexity, uncertainty, and ambiguity.

Innateresilence The world becomes over-complex, uncertain, and ambiguous, the ecosystem dynamic allows the organization to morph as the business conditions and organizational capacities for change to allow a better fit. Organizations should seek to improve their ability to define and communicate a clear, consistent, enterprise-wide approach about setting healthy risk appetite and a variety of possible situations and scenarios to improve business resilience.

The “Future of CIO” Blog has reached 10 million page views with 11,200+ 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.



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


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