A broader, more structured approach is needed to effectively manage governance, risk management, and compliance (GRC). Enterprises will then be better able to guide their people, standardize their processes, and unify technology to embed GRC at all organizational levels.
department of environmental resource management
that are duplicated across departments). Of even greater significance might be the lost opportunities that result from a tactical, fragmented approach to managing GRC. Without a comprehensive and cohesive GRC strategy, companies are deprived of a means to effectively navigate today''s highly regulated (and ever-changing) business environments, as well as of a critical driver of revenue and competitive advantage. Therefore, a multiplicity of government regulations, growing pressure from financial markets,