Business risk consulting
Integrated governance, risk and compliance
Both private and public sector executives are under pressure today to increase their understanding of Governance, Risk and Compliance (GRC) issues - and their ability to respond to them.
To help keep tabs on complexity, keep regulators at bay, keep stakeholders informed and continue to deliver performance against KPIs, a well-planned and responsive GRC structure is crucial.
If not properly established, executives will remain in reactive mode, continually distracted by the latest crisis and unable to take a proactive role in shaping risk management in order to increase the value of the organisation.
Instead of paying lip service, in response to external pressures, the internal organisation must adapt to apply best business principles to manage risk.
When this is achieved, expenditure falls too. “If you embrace GRC wholeheartedly and take an integrated, enterprise approach, it’s going to cost less than a collection of fragmented processes,” says Lee Dittmar, Deloitte’s global leader for Governance, Risk and Compliance consulting.