In some organizations, the current approach to governance, risk management, internal control, and compliance (GRC) is complex and costly. It is considered a “necessary evil” to doing business, like brakes that get in the way of driving toward objectives.
Well, I like to remind executives that the fastest cars have the best brakes. To have confidence to go fast, the driver needs to know that the brakes are working well. Brakes need to be engineered into the vehicle and not considered as an afterthought. They should be applied not only in an extreme emergency, but also frequently to moderate speed and direction. At the same time, we don’t want to ride the brakes, wearing out the tires (and the brakes themselves) and flashing lights that indicate we are stopping when it isn’t really necessary.
