This month, Compliance Week and the Open Compliance and Ethics Group present the latest 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 takes a look at controls, monitoring, and automation.
After companies define their organizational objectives and assess the risks that may impede progress toward those objectives, control activities can be established to ensure that business is conducted within defined boundaries. Companies must then monitor their programs to ensure that they effectively address the risks they face and to confirm their compliance with all laws and regulations.
