This month, Compliance Week and the Open Compliance and Ethics Group present the second installment of our regular series, “GRC Illustrated.” The interactive series—which will feature 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 our second entry here, GRC Illustrated demonstrates how executives can marshal the right resources to win C-level and board support for a GRC initiative. Here’s how:
A major challenge—one that has little to do with complex regulations, sensitive governance issues, or looming risks—confronts governance, risk, and compliance professionals: A growing number of GRC professionals must contend with internal pressure to drive down costs and reduce overall spending. Even those who do not face this challenge are being asked increasingly to rationalize their GRC investments.
