Rising to the GRC Challenge
Globalisation of businesses has intensified the focus on particular GRC issues including, Bribery Fraud and Corruption (BFC) and CSR. Yet the processes and principles on which business activity is based have not been updated for over a generation. It is time to upgrade the GRC/CSR/BFC controls so that the corporate monitoring and reporting aligned alongside businesses processes to help foster the conditions GRC maturity.
GRC compliance must be measured by the matrix and structure that the business have developed. Our newsletters have provided information and guidance on how to integrate the BFC to GRC processes so that they are aligned with the business, to deliver business value but above all to quantify them for management and control. Lets review a few:
- How to create an updated, accurate and useful GRC project plan
- The importance of estimating the size and quantifying each GRC component.
- Gather international subject matter experts and GRC practitioners that operate or perform rulemaking, guidance or practice the enforcement requirements
- Provide GRC recommendations to regulate unfair, deceptive, or abusive acts or practices (e.g. Bribery, Fraud or Corruption) in companies and organisations
- Promote financial literacy to companies and organisations
- During the conference, we will conduct research on companies and organisations behaviour and cultural issues
- Monitor financial markets for unknown risks to companies and organisations
- Enforce laws that outlaw discrimination and other unfair treatment of stakeholders
The right way for introducing integrity, transparency and accountability
All over the world there is considerable focus on integrity, transparency and accountability issues, not necessarily as a reflection of the performance of past challenges and achievements, but more importantly how to set new goals and objectives on integrity, transparency and accountability issues.
GRC spans the strategy of the enterprise, from the various GRC components to the different departments and functions throughout the enterprise. There are top down enterprise-wide GRC initiatives, but a lot of GRC happens in the manual processes so that a bottom up approach will avoid that the trenches throughout the company in isolated departments.
The DNA of GRC based on the Copenhagen Compliance roadmap and framework
The future often depends on the past performance and the keyevents. Businesses must focus on the specific GRC IT drivers that impact the business and organizations that provide a GPS to automate the GRC processes are;
- Where is the company heading and why should the business and management introducing GRC technology?
- Delivering GRC and IT Security Value Through Automation of Access Controls including Multidimensional Identity & Access Management Challenges
- How to classify and describe the GRC processes and applicationto the right type of GRC technology?
- Integrated Reporting, Social Accountability & Third Party Relationships
- Measure the position and processes: the size, direction, and growth of the transactions to align with the introduced GRC technology
- Determine the leading IT drivers and manual trends for introducing GRC technology
- Managing IT Risk Across the Extended Enterprise Environment
