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The ABCs of GRC

Carole Switzer | June 1, 2016

OCEG, the think tank that defined the business concept of GRC, has long talked about GRC as the set of capabilities that enable an organization to reliably achieve its objectives, while addressing uncertainty and acting with integrity. This outcome is what we call Principled Performance, and it demands a mature, integrative approach to governance, risk management ,and compliance, the component parts of GRC. The value of mature GRC capabilities can be summed up through another acronym—ABC: Aware, Bespoke, and Confident. And while these are not the only attributes of effective GRC, together these three offer the opportunity for greater success that most organizations have failed to grasp, at least up until now.

Business today faces challenges like never before. The advances in communication, information flow, and technology of the past decade offer benefits, but also create complexity. The velocity of change, not just the speed, is overwhelming and virtually impossible to...

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