How do you define the modern organization?
There is no binary boundary to the organization anymore, no more black and white. It is impossible to clearly state that this is where the organization ends. The organization is NO LONGER defined by brick-and-mortar walls and traditional employees. There are shades of grey as the modern organization is the extended enterprise that involves layers of complex nested-supplier and subcontracting relationships.
The distributed nature of business across extended third-party and nth-party relationships is the new reality. Managing risk in this paradigm is challenging. However, given the new complexities of ESG risks and the volatile world of geopolitical risks has a compounding exponential risk exposure that many organizations are not prepared for.
For organizations of all sizes and industries, this poses a huge challenge but also a huge opportunity.
- Organizations that fail to manage the . . .
[THE REST OF THIS ARTICLE CAN BE FOUND ON THE ETHIXBASE BLOG WHERE GRC 20/20’S MICHAEL RASMUSSEN IS A GUEST AUTHOR]