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 contain. And none of the change is linear; it is always layered, multi-directional, constantly shifting, and complicated by interaction. The ABCs of GRC are more important now than ever before.
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