Why Your GRC Program Should Cover More Than Just ERM: The Critical Link to Operational Resilience
It’s tempting to think of Enterprise Risk Management (ERM) as the central hub of your risk program. However, stopping at ERM limits an organization’s ability to fully manage risk and ensure operational resilience. The modern risk landscape demands a GRC (Governance, Risk Management, and Compliance) strategy that goes beyond traditional ERM, encompassing interconnected risks such as third-party, cyber, regulatory, and operational risk and resilience. An effective GRC program integrated across the enterprise is essential for managing not only risk but also building operational resilience.
The Expanding Scope of GRC and the Need for Holistic Risk Management
Risks are increasingly interconnected. Compliance, cyber threats, third-party risks, and ESG are not just isolated challenges, they’re deeply integrated into the operational fabric of organizations. A GRC program that only . . .
[The rest of this blog can be read on the Origami Risk blog, where GRC 20/20’s Michael Rasmussen is a Guest Blogger]