Growth is a good thing. Don’t let it turn bad with sloppy attention to governance, risk, and compliance systems at a company in transition.
That can happen quite easily. The mergers and acquisitions, expansions, affiliations, and ever-growing network of contractual arrangements that spell success can also lead to an overly complex mishmash of policies and procedures. An organization’s policies must be managed consistently and continuously throughout the enterprise to remain effective; that’s one of the fundamentals of policy management. But as corporations grow more complicated and their operations grow more tentacles and as an increasingly international economy continues to change the nature of how and with whom companies interact, it becomes more critical than ever to have an enterprise-wide approach to streamlined policy management. Otherwise, consistency and continuity may be lost.
