The Unexpected Benefits of a Unified Approach to Governance, Risk, and Compliance (GRC)

• Date: November 26, 2009
• Source: www.metricstream.com

Stringent corporate governance, and accountability reforms, that followed the corporate failures of the past, have dramatically changed today's business environment - placing great responsibility on the management and demanding seamless operations. Organizations across the globe are constantly being challenged to navigate through a proliferation of new standards and expectations in a way that supports performance objectives, sustains value, and protects the organization's brand. Whether we like it or not, all corporations have to comply with regulations and at the same time establish their credibility with investors, other stakeholders, and the broader public. All these factors, brought together, have fuelled the convergence of distinct, yet entwined disciplines of the Governance, Risk, and Compliance (GRC).