This month, Compliance Week and the Open Compliance and Ethics Group present the third installment of our regular series, “GRC Illustrated.” The interactive series—which features visual representations of key governance, risk, and compliance initiatives—is intended to help readers understand how to put principles into practice (Click here for information on the series). In this month’s entry, GRC Illustrated demonstrates how technology can be leveraged to build a GRC system efficiently and take full advantage of it. Here’s how:
When executives think about information technology and governance, risk management, and compliance (GRC), they tend to focus on IT-specific compliance, such as information privacy/security. Or maybe they think about automating controls for Sarbanes-Oxley compliance. But Sarbanes-Oxley and information privacy/security are not the only games in town. Companies face a laundry list of GRC requirements that only promises to get longer as time goes on.
