The notion that businesses can manage operational and financial risk, regulatory compliance and Board oversight on an ad-hoc basis has long since disappeared. Organisations today are subject to immense complexity, compounded by the straightjacket of regulation and a diverse set of stakeholders. The current financial crisis across the globe vividly underlines the importance of keeping on top risk and compliance. Reputations that took years to build can be destroyed in a day.
Untitled from G SIMON on Vimeo.
But how does a multinational and diverse organisation exert sufficient control? Are there systems and processes that can provide a dependable platform for GRC and what are the organisational challenges in developing a robust solution?
In order to answer these questions Gary Simon, FSN’s managing editor has invited Alys Woodward an expert at IDC, the independent analyst and research firm to answer reader questions about the business context for GRC and provide key insights into the way that software vendors are responding to the challenge of GRC.
