In the first post, 2023 Governance, Risk Management & Compliance, we reviewed the top five 2023 GRC trends. Then we dove deep into the first trend of the need for GRC agility, and then explored GRC resilience and explored GRC resilience again, moved on to Integrity (ESG) . . . and we now continue with…

In the previous post, 2023 Governance, Risk Management & Compliance, we reviewed the top five 2023 GRC trends. Then we dove deep into the first trend of the need for GRC agility, and then explored GRC resilience and explored GRC resilience again . . . and we now continue with the third trend of five,…

The following is an article published in the latest issue of Enterprise Risk Magazine (Summer 2023) starting on page 16. This article was authored by Michael Rasmussen, Analyst & Pundit at GRC 20/20 Research, and William Gonyer of Group697. The latest banking crisis in North America has put potential failures regulation, governance and risk management…

In the previous post, 2023 Governance, Risk Management & Compliance, we reviewed the top five 2023 GRC trends. Then we dove deep into the first trend of the need for GRC agility, and then explored GRC resilience . . . and we continue with resilience before we move on to the third trend of five,…

GRC 20/20’s Michael Rasmussen will be speaking on the topic of this blog in the webinar: Got ESG? Show Me Your Policies! ESG – environmental, social, governance – is pressuring organizations from various angles.  Corporate investors are making investment decisions based on ESG practices. Executives and board members are fired if they do not meet…

In the previous post, 2023 Governance, Risk Management & Compliance, we reviewed the top five 2023 GRC trends. Then we dove deep into the first trend of the need for GRC agility. We now turn to the second trend of five, resilience . . . Dynamic, Disrupted & Distributed Business is Difficult to Control The…

ESG – Environmental, Social & Governance – pressure is mounting from multiple fronts for organizations to implement ESG reporting in their organizations. ESG has the momentum and force to become a significant measurement of the organization’s integrity.  One thing to note, ESG is more than the E (environmental). Too often organizations lead with the E…

In the previous post, 2023 Governance, Risk Management & Compliance, we reviewed the top five 2023 GRC trends. We now dive deep into the first of those trends, agility . . . Gone are the years of simplicity in business operations. The interconnectedness of objectives, risks, resilience, and integrity require 360° contextual awareness of risk…

Spreadsheets are the most prevalent GRC tool used by organizations. Their use, particularly in reporting, leads to the inevitability of failure.  Consider one organization that was spending 200 hours building a report for the board on risk events that have happened. All the information was trapped in spreadsheets that they had to aggregate, tabulate, and…

Below is Michael Rasmussen’s article in The IRM Global Risk Trends 2023 report , published by the Institute of Risk Management (The IRM). The complexity of business combined with the intricacy and interconnectedness of risk and objectives necessitates that the organization implements a strategic approach to business and operational risk and resiliencein 2023. Gone are the years of simplicity in business operations. Exponential growth and change in risks, regulations,globalization, distributed operations, competitive velocity, technology, and business data encumber organizations ofall sizes. Keeping changes to business strategy, operations, and processes…

The Organization: an Interconnected Web of Relationships No man is an island, entire of itself; Every man is a piece of the continent, a part of the main. English Poet John Donne’s Devotions Upon Emergent Conditions (1624) found in the section Meditation XVII. Substitute ‘man’ with ‘organization’ and seventeenth-century English poet John Donne could be describing the…

Tsunami of Change Overwhelms Compliance Managing and keeping up with change is one of the greatest challenges for financial services organizations in the context of compliance management. The dynamic and interconnected nature of regulatory change and how it impacts the organization are driving strategies to mature and improve regulatory change and compliance management as a defined process. The…