Organizations often fail to monitor and manage compliance controls effectively in an environment that demands agility. This results in the inevitable failure of compliance that provides case studies for future generations on how poor internal control management leads to the demise of organizations: even those with strong brands.
Today’s business environment is complex. Exponential growth and change in risks, regulations, globalization, employees, distributed operations, competitive velocity, technology, and business data encumber organizations of all sizes. Keeping this risk, complexity, and change in sync is a significant challenge for boards, executives, and GRC management professionals throughout all levels of the business. Organizations need to understand how to design effective compliance controls, implement them, and review whether the risks they were designed to control are effectively mitigated continuously.
Compliance control management in the modern organization is . . .
[THE REST OF THIS ARTICLE CAN BE FOUND ON THE VCOMPLY BLOG WHERE GRC 20/20’S MICHAEL RASMUSSEN IS A GUEST AUTHOR]