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GRC Federalist Papers: A Call to Action

Michael Rasmussen | October 29, 2013

Business is complex. Gone are the years of simplicity in business op­erations. Exponential growth and change in risk, regulations, globaliza­tion, distributed operations, processes, competitive velocity, business relation­ships, disruptive technology, technology, and business data encumbers organiza­tions of all sizes. Keeping complexity and change in sync is a significant challenge for boards and executives, as well as gov­ernance, risk-management, and compli­ance professionals (GRC) throughout the business.

GRC cannot be managed in iso­lated silos that lead to the inevitability of failure. This is what I call ‘anarchy' architecture where decentralized, dis­connected, and dis­tributed GRC processes catch the orga­nization off guard to risk and exposure. Complexity of business and intricacy and interconnectedness of GRC requires that we have an integrated approach to busi­ness systems, data, and GRC processes. However, the opposite is also a challenge: ‘monarchy' GRC...

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