Strategic Governance, Risk and Compliance

Description

This course aims to help participants gather an understanding of how to integrate corporate governance, risk management and regulatory compliance (GRC) under one umbrella that improves strategic execution and enhances performance. Most organizations separate these three areas into distinct, “siloes” that are managed and resourced separately—often with significant overlap, confusion, inefficiency and with little relation to strategy-setting and execution. However, recent evidence suggests that comprehensive management of GRC could substantially improve a company’s profile and has become best-practice among the best-performing companies in the world. We try to outline the contours of each area of GRC and synthesize points of complementarity. We then consider how the comprehensive structure is superior to the more traditional approach.