In an era where change is the only constant, organizations are being inundated by a deluge of shifts across risk, business, and regulatory dimensions. Each change brings its own complexities and managing them individually, much less collectively, becomes a herculean task. The challenge is two-fold: not only must businesses keep up with these changes, but they must also ensure that their response is in sync with their overarching business strategy.
The Scope of Regulatory Change
The world of regulatory requirements is an ever-shifting landscape. This turbulence is compounded by the continuous introduction and modification of laws, regulations, enforcement actions, and administrative decisions at local, regional, and international levels. For many, the challenge isn’t merely about staying afloat but preventing drowning in the overwhelming sea of updates.
Several factors contribute to this growing complexity . . .
[The rest of this blog can be read on the SDG blog, where GRC 20/20’s Michael Rasmussen is a guest author]