Author Archive | The GRC Pundit

Risk & Compliance Market Trends in 2009

  Chalres Dickens might as well have been speaking about the risk and compliance market (GRC market) when he stated “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness.”  What was considered foolish a few years back – basically conservatively […]

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INQUIRY: Among the companies you speak with, which organizational departments appear to have the most to gain GRC?

INQUIRY: Among the companies you speak with, which organizational departments (finance, operations, legal, HR, etc.) appear to have the most to gain from GRC automation?   RESPONSE: GRC is about collaboration across these roles – so all have a lot to gain from GRC technology enablement and automation.  However I would state that business operations […]

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INQUIRY: What are the 3 most critical areas for further GRC automation in 2009 – and why?

 INQUIRY:  What are the 3 most critical areas for further GRC automation in 2009 – and why?   RESPONSE: The top of my list is what I am calling “Next Generation Policy & Procedure Management.”  This may not be on everyone’s radar – but it is a significant area to drive efficiency, consistency, as well […]

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INQUIRY: What are the 3 biggest misunderstandings about GRC-enabling technology?

  INQUIRY: What are the 3 biggest misunderstandings about GRC-enabling technology? Why these particular areas are the most misunderstood outside of the IT organization and how can IT help clarify information?      RESPONSE: There are several areas that are highly misunderstood in regards to GRC-enabling technology.  The following represent what I see as the most common […]

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INQUIRY: In 2009, what will be the least obvious/highest impact business or market trend resulting from GRC automation?

  INQUIRY: In 2009, what will be the least obvious/highest impact business or market trend resulting from GRC automation?   RESPONSE: Tough question – but I am happy to play the prophet.  I would have to say it is the use of GRC technology to extend GRC processes to business partners.  There are more also […]

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INQUIRY: What are the roles/responsibilities of a compliance officer?

QUESTION: What are the top three roles and responsibilities of a compliance officer? We are trying to define this job role very clearly before we determine we need one. RESPONSE:The top three roles and responsibilities of a compliance officer vary — it depends on what you are defining as a compliance officer. If you mean […]

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The Ultimate ERM Platform

The New Year of 2009 is at our doorstep and with the global turmoil it is about time many organizations begin thinking of enterprise risk management Today we explore the Ultimate Enterprise Risk Management (ERM) Platform. Many of you expressed deep interest in my Ultimate Compliance Platform earlier in December. This week, I am delivering […]

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The Ultimate Compliance Platform

  Christmas (or other holiday tradition you celebrate) is upon us with its associated gift giving.  In the spirit of giving and Christmas cheer, I am delivering the beginning of a series of role-plays looking at what different risk and compliance roles would want in their Christmas stockings. To kick this off- we will initially […]

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Perspectives on the Paisley Acquisition

While briefed on the acquisition before the announcement, I took a few days before commenting on my blog.  The reason being two-fold – I came down with a seasonal cold, but more importantly I wanted to reflect on this some more.   In general – the acquisition of Paisley by Thomson Reuters is a good […]

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3rd Party Risk & Compliance – A Significant Challenge for Large Organizations

Issues impacting corporate governance, risk management, and compliance are abundant. GRC 20/20 has identified 27 issue areas that organizations struggle with in risk and compliance – THOUGH the one that is keeping GRC 20/20 research and advisory the busiest is 3rd party risk and compliance management. What do you mean by 3rd party risk & compliance? Third […]

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