The complexity of today’s business environment demands that GRC assumes a new role, upping its value protection and compliance game and also becoming a direct enabler of business performance. We call this kind of integrated, strategic approach Performance GRC.
In today’s operating landscape, businesses are buffeted daily by the demands of rapid market shifts, political and environmental change, rapid technological advances, complex third-party relationships, and heightened regulatory scrutiny. The inability to keep pace with this multidirectional change has put many organizations on a defensive risk footing.
Instead of being the dour face of “no,” GRC must become a positive, proactive force that pushes companies forward by providing a holistic view of risks, responsibilities, and opportunities. Instead of being a back-office watchdog, the GRC program must become a fully integrated part of the business, injecting a risk and compliance mind set into day-to-day activities across functions and aligning culture, people, and systems with management’s strategic priorities, financial and operational imperatives, and business performance drivers.
We call this kind of integrated, strategic approach Performance GRC.
We also call it the future.